Senator Vin Gopal did not vote on the controversial bill passed and signed into law yesterday that allows Governor Phil Murphy and four Democrat legislators to borrow up to $9.9 billion without voter approval.
New Jersey’s Constitution requires voters to approve state government debt. New Jersey’s Courts, and therefore its Democrat legislators and Governors, treat the Constitution as book of aphorisms.
Despite passionate calls to add diversity to the process, the Legislature sent Gov. Phil Murphy legislation Thursday that gives a panel of four state lawmakers power to determine the fate of up to $9.9 billion in emergency borrowing.
Gov. Phil Murphy wants a plan in place to borrow billions without voter approval; now legislators are ready to sign off one to make that happen. A revamped version of emergency-borrowing legislation is set to go before lawmakers for the first time Tuesday.
Lawmakers vote along party lines to permit at least $5 billion in new debt to deal with economic fallout of pandemic
BY JOHN REITMEYER, NJSpotlight
Legislation that would give Gov. Phil Murphy’s administration the authority to borrow billions of dollars to help offset projected revenue losses brought on by the ongoing pandemic cleared the Assembly Thursday in a party-line vote.
New Jersey is joining the federal government in extending the deadline to file and pay income taxes until July 15, according to a joint statement by Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin. The State Budget Deadline has been postponed from June 30 to September 30.
So. This is what it’s come to. Incredibly, we just passed one of the largest tax increases in the history of the state…and we’re no more than one, infinitesimal, step closer to sustainable solvency than we were the day before. And trust me, we are very ($ billions) far away. We don’t need infinitesimal steps, we need bold leaps…and we need bold leadership willing to make them.