Tag: Coronavirus Relief Bonds

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Governor Murphy Authorizes Municipalities and Counties to Issue Coronavirus Relief Bonds

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photo by Boyd Loving

the staff of the Ridgewood blog

Ridgewood NJ, Governor Murphy today signed legislation (A3791) which authorizes municipalities and counties to borrow funds to cover revenue shortfalls and expenditures caused by the COVID-19 pandemic, by issuing bonds and notes. The final legislation included improvements recommended by Governor Murphy in his prior conditional veto issued on July 30, 2020.

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“Coronavirus Relief Bonds,” coming to a town near you

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the staff of the Ridgewood blog

Ridgewood NJ, Legislation establishing a new financing mechanism to enable local units to borrow money through the issuance of “coronavirus relief bonds,” was among numerous measures approved by the full Assembly 56-20-4 on Thursday to help mitigate the effects of the pandemic in the state.

The bill (A-3971) is sponsored by Assembly members Daniel Benson (D- Mercer, Middlesex), Speaker Craig Coughlin (D-Middlesex) and Wayne DeAngelo (D-Mercer, Middlesex).

Continue reading “Coronavirus Relief Bonds,” coming to a town near you