Tag: 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

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

State’s Bonded Debt Soars to Nosebleed Heights: $46.1 Billion

The results of New Jersey’s latest big-picture fiscal checkup are in, and they reveal a state that continues to be saddled with a staggering amount debt – despite recent efforts to wind down Trenton’s time-worn borrowing habit. Click to expand/close Read More

Greenwald gets microaggressive with Handlin: “You can call me tomorrow”

By Matt Rooney | The Save Jersey Blog What happens when Democrat spring a surprise, massive borrowing resolution on the legislature in the 11th hour of budget season to appease pension-pissed public sector union bosses? And a Republican Assemblywoman tries Read More

Democrats tell Moody’s to pound sand by springing surprise borrowing scheme

By Matt Rooney | The Save Jersey Blog Am I the only one who read any of Moody’s credit downgrade reports slamming New Jersey’s borrow-or-bust budgeting practices? No one on the Left side of the aisle did, Save Jerseyans. This Read More

The Never Ending Circle of Debt

By Joe Sinagra | The Save Jersey Blog A common argument offered by amnesty advocates posits that it would boost the U.S. economy and government revenues, too.  With an aging population and the ‘boomers’ ready to retire, less people in the work Read More

Constructing Our Fiscal Destruction

By Matt Rooney | The Save Jersey Blog Sorry, Save Jerseyans, but this one is a little extra hard to swallow because I told you what would happen. And here we are in record time. Do you remember Election 2012’s Ballot Question #1? Euphemistically Read More