
Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director
New Jersey Society of Certified Public Accountants
ROSELAND NJ, We are deeply concerned that the proposed $9.9 billion borrowing plan announced by Governor Murphy and currently moving through the Legislature will have far-reaching consequences, affecting New Jersey’s ability to grow and attract business.
There is no doubt that New Jersey will require additional resources during this COVID-19 crisis. To address this, we need a comprehensive fiscal strategy that includes all tools at our disposal. Absent that, any plan for borrowing now is premature.
Continue reading New Jersey Can’t Borrow Its Way Off This Fiscal Cliff