>NJ Voters Reject Majority Of School Bond Referenda

The results from yesterday’s school bond referenda are encouraging for New Jersey taxpayers. Under consideration were 14 measures across 9 districts totaling approximately $293M. Among these, only two were approved by the voters.

Referenda Passed

•Cumberland, NJ approved $9,960,123 in bonding to replace roof and install solar panels at high school.
•Montague Township approved $395,125 in new bonding for partial roof replacement and repairs at elementary school.
Referenda Rejected

The following are a few of the bond measures with the highest price tags that were rejected:

•Edison Township: $137,068,139 in bonding for renovations to 13 schools; $29,775,888 in bonding to build a new elementary school.
•Pennsauken Township: $34,665,986 in bonding to demolish an elementary school and construct a new school
•Wood Ridge: $14,922,540 in bonding for additions and renovations, including new classrooms and science labs, boilers, solar panels, and roof repairs; $10,388,543 in bonding for additions and renovations, including new classrooms, window replacement, electrical upgrades
These results are a strong sign that New Jersey voters are no longer willing to tolerate more borrowing, debt and higher property taxes.

In contrast, in 2009 there were 81 school bond referenda and only 33 were voted down.

SOURCE: Ballotpedia.org.

https://www.americansforprosperity.org/012710-nj-voters-reject-majority-school-bond-referenda?utm_source=twitterfeed&utm_medium=twitter