
the staff of the Ridgewood blog
Trenton NJ, Senator Declan O’Scanlon again sounded the alarm warning of the dire fiscal consequences of the Governor’s plan to borrow $10 billion to fill shortfalls in the State budget.
“This devastating scheme is fiscally indefensible and unconstitutional. There’s a legal opinion that says we cannot borrow without voter approval to fill a hole in our budget,” said O’Scanlon. “In the most unaffordable state in the nation, it is unfathomable the Governor and Democrats would propose a ‘solution’ of this magnitude.
Continue reading Governors Borrowing Scheme Impending Fiscal Disaster