Archive for Tag: Supreme Court

Any plan to borrow for operating expenses is unconstitutional says GOP lawmaker who litigated landmark case

TRENTON, N.J. – Assemblyman Jay Webber said there is no getting around the state constitution that prohibits borrowing money to balance the state budget, even in times of war or an emergency. “Borrowed funds cannot be used as income to balance the state budget,” said Webber (R-Morris). “The state...

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