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Truth in Accounting: If NJ borrows $5 billion, it won’t be able to pay it back

June 25, 2020

Includes “Sheila Weinberg, CEO of Truth In Accounting, wrote an excellent op-ed in NJSpotlight (here).  Weinberg cautions that if NJ borrows $5 billion to plug its current budget gap, it will be unlikely that NJ can generate the surpluses needed to pay the loan back in three years (the term of Federal Reserve loans).  This is because NJ has a history of plugging budget gaps with borrowing …” 

Read the full article on: Sunlight Policy Center of New Jersey

 
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