Repubican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses was argued before the state’s highest court Wednesday and they said the state’s constitution and past legal precedent should...
Topic
bonds
Selling bonds to balance New Jersey’s budget is a big mistake
It is a mistake for the governor and the Legislature to sell bonds to balance the fiscal year 2021 budget. Not only is it prohibited by the New Jersey Constitution but, more important, it is bad public policy and will ruin the state’s finances for years. Opinion by...