Category: Credit and Borrowing

GOP leaders announce plan to sue Murphy over borrowing: “Today, NJ Dems picked a side”

TRENTON, N.J. – New Jersey’s Democrat-controlled Assembly passed an unconstitutional borrowing plan on Thursday, one which is expected to increase state taxpayers’ burden for years to come. Shortly after the vote, Republican leaders held a Zoom press conference to annouce Read More

Trenton raised your tolls during a pandemic. Next up on Thursday: a property tax surcharge and sales tax hike?

TRENTON, N.J. – That’s right. Get ready, Save Jerseyans. While you were ordered to stay at home by Governor Murphy (unless you’re rioting or protesting something other than the lockdown), Trenton agencies voted to raise tolls on the Garden State Read More

Webber blasts budget committee for endorsing Murphy’s unconstitutional borrowing plan

TRENTON, N.J. – Trenton Democrats helped Governor Murphy’s unconstitutional $5 billion borrowing plan clear a key hurdle on Tuesday morning.  The Assembly Budget Committee’s party-line vote – which endorsed the borrowing plan and a new state-wide property tax – was Read More

Possible 2021 Murphy challengers Ciattarelli, Steinhardt blast Governor’s borrowing scheme

TRENTON, N.J. – Governor Murphy is reportedly lawyering up and preparing to fight for a massive “emergency” borrowing scheme which is undoubtedly unconstitutional and possibly even unnecessary.  Both of Murphy’s most likely 2021 Republican challengers say new borrowing isn’t acceptable.  Read More

In major blow to Murphy, nonpartisan OLS says N.J. can’t borrow to balance budgets

TRENTON, N.J. – Governor Phil Murphy’s hopes to dig New Jersey out of an anticipated budget hole with borrowing hit a major snag on Thursday when the Office of Legislative Services (OLS), the state legislature’s nonpartisan legal arm, issued an Read More

Webber: Governor Murphy’s COVID-19 borrowing plan is unconstitutional

TRENTON, N.J. – Governor Phil Murphy is reportedly weighing a massive $9 billion emergency bond scheme to compensate for an anticipated COVID-19 drop off in state revenues.  Assemblyman Jay Webber (R-26) said on Friday that the Governor’s plan is unconstitutional. Read More

Democrat Congressman defends pork-stuffed COVID-19 wish list: “plenty of common sense”

TRENTON, N.J. – Stubborn? Arrogant? Shameless? A little of all three? New Jersey House Democrats backed a Wuhan Coronavirus legislative pork spending spree this week, one which has very little to do with actually combating the pandemic and which also Read More