Restoration but Little Relief

This is the best account I've seen so far as to how the new budget will affect NJ Higher Ed. It's not pretty, especially for 4 year colleges and universities. Can someone explain to me Corzine's thinking behind vetoing the Outstanding Scholars Recruitment Program?

Inside Higher Ed :: Restoration but Little Relief: "As the smoke cleared on New Jersey’s budget situation over the weekend, college officials did not like much of what they saw."