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NJ Supreme Court scrutinizes state’s $9.9 billion borrowing plan

AUGUST 6, 2020 | by Joseph De Avila | THE WALL STREET JOURNAL

By Joseph De Avila, includes “… In their questioning of Mr. Testa, the justices zeroed in on whether the state could tie its fiscal crisis to the coronavirus pandemic. Mr. Testa said the pandemic created a public-health emergency that relates to New Jersey’s fiscal problems, but the state hasn’t shown that the projected revenue shortfall will actually occur. …”

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