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New Jersey Supreme Court Greenlights State’s Billion Dollar Borrowing Plan
New Jersey’s highest court has signed off on the state’s plan to borrow $9.9 billion to address COVID-19-related revenue losses. The New Jersey Supreme Court held in New Jersey Republican State Committee v. Philip D. Murphy (A-82-19/084731) (Decided August 12, 2020) that the State’s plan to issue bonds and borrow