borrowing

November 11, 2008 - 1:15pm
PRESS RELEASE

Tom Kean Jr. to Jon Corzine: Cancel Most Irresponsible TTF Debt Sale in History

Senate Republican Leader Tom Kean Jr. called on Governor Corzine today to cancel a sale of $750 million of transportation debt planned for this Wednesday that has no payment of principal until 2023.  He is calling for the Governor to work with Republicans who have offered alternatives to endless debt and to restructure any debt so that it has reasonable and responsible payment plans.

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November 10, 2008 - 3:55pm
PRESS RELEASE

Corzine's Slick Pitch: Bad Credit? Short on Cash? No Principal Payments, No Problem Til 2023!

Bucco Asks What this New Highway Borrowing Scheme Is Going to Cost Us

Senator Anthony Bucco, a senior Republican on the Senate Budget and Appropriations Committee, said he was outraged to learn that the latest $750 million borrowing for the New Jersey Transportation Trust Fund proposes that the state not pay one dime in principal on much of the borrowing until 2023.

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July 9, 2008 - 1:27pm
PRESS RELEASE

Singer: Corzine Should Require All Towns to Share Cost of School Construction

Corzine Set to Give Abbot Districts $2.9 Billion for Full Cost of Projects

Senator Robert Singer (R-30) issued the following statement in response to Governor Corzine's approval of legislation today that will borrow another $3.9 billion for school construction projects, including $2.9 billion for projects in Abbott districts:

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May 22, 2008 - 11:08am
PRESS RELEASE

Lance Urges Governor to Drop School Borrowing Plans

Corzine Should Keep Pledge to Seek Voter Approval for New Debt

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March 10, 2008 - 12:13pm
PRESS RELEASE

Extra $1 Billion Demonstrates Why Voters Need to Approve All Borrowing

Senator Leonard Lance (R-23), the Republican Budget Officer, responded to the introduction of legislation that would allow the New Jersey Economic Development Authority to borrow $3.5 billion for school construction without voter approval. The legislation, S-1457, was introduced by Senators Turner and Rice on March 6.

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