Op-Ed: What Should Happen If State Supreme Court OKs Emergency Debt Issuance

August 6, 2020

The constitutionality of the new law authorizing state debt without voter approval is about to be reviewed by the New Jersey Supreme Court. At issue is whether the state can issue these bonds because of the COVID-19 emergency, and if the proceeds can be used as revenue to balance the budget. This is not normally permitted.

Assuming the court will rule in favor of allowing the state to borrow for revenue purposes, how much debt should be issued and what are the related policy implications?

Op-ed by Marc Pfeiffer, NJSpotlight.com, August 5, 2020

Recent Posts

Bloustein project supports local literacy initiative with book drive

This article originally appeared in The Daily Targum, November 25, 2024 Students and faculty in the Edward J. Bloustein School of Planning and Public Policy recently collaborated with the Wash and Learn Program at Roosevelt Elementary School to implement the Laundry...

NJSPL: Identifying & Examining NJ Corporate Home Ownership

The phrase "corporate landlord" is often used to refer to large corporate entities backed by private equity funds and Real Estate Investment Trusts. In researching corporate home ownership throughout seven municipalities in New Jersey, researchers found that some...

New Williams et al. Research on Improving Survey Inference

Improving Survey Inference Using Administrative Records Without Releasing Individual-Level Continuous Data Abstract Probability surveys are challenged by increasing nonresponse rates, resulting in biased statistical inference. Auxiliary information about populations...

Heldrich Policy Brief: Approaches to Workplace DEI Policies

What’s Next? Using Workplace Divided Data to Help Incorporate Workers’ Perceptions in Workplace Discrimination and Diversity, Equity, and Inclusion Policies Since 2022, the Heldrich Center for Workforce Development has explored workers’ perceptions of and experiences...

Prof. Toney and Lina Moe Named St. Louis Fed Fellows

St. Louis Fed Announces 2024-25 Institute for Economic Equity Research Fellows The Federal Reserve Bank of St. Louis has announced a new cohort of nine research fellows selected to conduct research while in residence at the Institute for Economic Equity. “The...

Upcoming Events

Event Series DEIB

Bloustein DEIB Committee Holiday Toy Drive

Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United States

The Bloustein School Diversity, Equity, Inclusion and Belonging Committee invites you to participate in a Holiday Toy Drive benefitting the Harmony Family Success Center. Donate new, unwrapped toys for kids […]

Event Series CAREERS

Virtual Career Drop-ins

Virtual

Stop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]

Event Series Student Services

Bloustein Librarian Open Office Hours

Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United States

Have a research or library question you need assistance with? Visit Open Office Hours with Bloustein Librarian Julia Maxwell. Every Monday from 12:00 - 1:00 pm unless otherwise noted. Can't […]