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NJ speeds ahead with plan to borrow up to $9.9 billion without asking voters

JULY 15, 2020 | by John Reitmeyer | NJ SPOTLIGHT (NEW JERSEY)

By John Reitmeyer, includes “A revamped version of emergency borrowing legislation that would allow Gov. Phil Murphy’s administration to borrow nearly $10 billion without voter approval easily cleared its first committee hurdle Tuesday. … But sponsors acknowledged during Tuesday’s hearing that the borrowing issue will likely be tied up in court for months since Republicans have vowed to sue to block any borrowing done to finance deficit spending on the grounds that it would violate the state Constitution.”

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