Did you guys see that Gov. Romney transferred funds from his own office account to make up a shortfall in the account that pays a life insurance benefit to Massachusetts National Guard members? Here is the scoop:
Romney took the action since the Legislature is not meeting in formal session and to ensure that National Guard members continue to receive the benefits to which they are entitled.
There is a $64,000 deficiency in the account that reimburses up to 50 percent of the cost of life insurance for National Guard members serving on active duty in the war on terror. The benefit was part of the Welcome Home Bill signed into law by Governor Romney last year. The deficiency occurred because of an increase in National Guard members due to recruitment efforts.
Romney said the transfer is possible because of the success in reducing spending with the Governor’s Office, freeing up funds for other purposes. Spending in the Governor’s Office has dropped from $5.6 million in FY02 to $4.6 million in FY06. Spending is anticipated to drop again in the current fiscal year.
“All of us in elective office recognize the service of our Massachusetts National Guard troops, and one of my greatest honors is to serve as their commander in chief. They have dealt with every dangerous assignment that we have given them, both at home and abroad. It is a privilege to be able to transfer funds from my office to avoid any interruption in benefits to our troops,” said Romney.