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Can N.J. borrow to balance the budget? We’re about to find out

AUGUST 5, 2020 | by Paul Mulshine | LEHIGH VALLEY LIVE (PENNSYLVANIA)

Op-ed by Paul Mulshine, includes “… The debate in question concerns a case in which New Jersey’s minority Republicans are challenging a law enacted by the majority Democrats. The law would permit the Murphy administration to borrow up to $9.9 billion to deal with the lingering effects of the coronavirus pandemic. … Normally a bond issue that size would have to be approved by the voters. But there is an exception for an emergency caused by an ‘act of God.’ …”

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