Archive for Tag: borrowing plan

Bramnick statement of Murphy borrowing decision

TRENTON, N.J. – Assembly Republican Leader Jon Bramnick released a statement after the state Supreme Court ruled that Gov. Phil Murphy may proceed with his plan to borrow $9.9 billion to balance the state budget. “Borrowing $9.9 billion to cover expenses will raise taxes across New Jersey,” said Bramnick...

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GOP Assembly lawmakers united against Murphy borrowing plan, support court challenge

TRENTON, N.J. – Assembly Republicans will vote against Gov. Phil Murphy’s plan to borrow up to $9.9 billion to balance the state’s budget and support filing a lawsuit blocking it’s implementation when it becomes law. “While families and businesses must cut back and reduce spending, Governor Murphy plans to borrow...

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Republicans ask for fiscal discipline instead of borrowing to fix budget

TRENTON, N.J. – The Assembly Budget Committee passed a bill Monday that would allow at least $14 billion in borrowing to replace revenue lost during the economic shutdown in response to Covid-19. Republicans on the committee asked that taxpayers get a chance to weigh in, if there was a...

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