6/9/20-Action at the State House
- June 09 2020
- By: info@njcfe.org
- 0 Comment
Action at the State House
May 28, 2020 | njleg.state.nj.us
There was legislative committee action last week a fiscal bill that may be of interest to one or more members of NJCFE
A- 4175, “New Jersey COVID-19 Emergency Bond Act,” authorizes issuance of State bonds totaling $5 billion and authorizes borrowing from federal government. Having passed the Assembly last week it now moves to the Senate to be considered by the Senate Budget and Appropriations Committee.
NJCFE NOTE: A look at this legislation might be useful in comparing and contrasting how government manages the public’s money and how individuals could learn about the burdens and responsibilities that go with borrowing. While government can “pass the buck”, the average taxpayer can’t.
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