Senate moves to let towns go deeper in debt to weather pandemic crisis

John Reitmeyer  |  July 31, 2020

By John Reitmeyer, includes “New Jersey’s local governments could borrow money to help offset revenue losses during the coronavirus pandemic under a bill that’s progressing despite concerns among some lawmakers about oversight and the potential for abuse. … The bill’s advancement comes just weeks after lawmakers approved another borrowing measure that gives the state the preliminary authority to issue up to $9.9 billion in new debt to offset its own revenue losses.”

Read the full article on: NJ Spotlight (New Jersey)

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