Archive for Tag: borrowing

Murphy’s charade budget scorned by Assembly GOP during budget hearing

TRENTON, N.J. – The four Republican members of the Assembly Budget Committee took the Murphy administration to task for misrepresenting its actions and projections during a hearing Thursday with the Treasury Department. Assemblyman Hal Wirths, the Republican budget officer, illustrated how the administration is using borrowed funds to create...

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Space, Wirths blast unconstitutional borrowing and tax scheme

TRENTON, N.J. – Assemblymen Parker Space and Hal Wirths today voted against the borrowing bill, which would allow up to at least $14 billion in new borrowing without voter approval, which runs afoul of the state Constitution’s debt limitation amendment and the 2004 Lance vs. McGreevey decision, which further...

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Wirths presses Murphy to release state fiscal picture

SPARTA, N.J. – Assemblyman Hal Wirths wants Governor Phil Murphy to start sharing the information he has about New Jersey revenue woes so the legislature knows how to approach the state’s fiscal problems. Murphy has continually warned of a massive revenue shortfall and yesterday said that major cuts to...

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