the staff of the Ridgewood blog
TRENTON NJ, Assemblyman Jay Webber said there is no getting around the state constitution that prohibits borrowing money to balance the state budget, even in times of war or an emergency.“Borrowed funds cannot be used as income to balance the state budget,” said Webber (R-Morris). “The state Supreme Court in Lance v. McGreevey has already looked at this and given all the guidance we need.”
