Budget Panel Approves State Borrowing Bill with Legislative Safeguards; Sweeney-Sarlo Legislation Would Create the ‘New Jersey COVID-19 Emergency Bond Act’
TRENTON – The Senate Budget Committee today approved a bill authorizing the state to borrow up to $9.9 billion with the consent of a legislative panel to address the financial crisis created by the coronavirus outbreak. Sponsored by Senate President Steve Sweeney and Senator Paul Sarlo, the bill, S-2697/A-4178, would create the “New Jersey COVID-19 Emergency Bond […]
