All 17 Senate And 32 Assembly GOP Legislators WillVote Against Borrowing That Doesn’t Go To Ballot
Senate and Assembly Republicans today announced that they have agreed unanimously to demand that Governor Corzine seek voter approval before going ahead with a plan to borrow $2.5 billion more for school construction bonds.
“Every Republican Senator has expressed her or his opposition to the governor’s plan to borrow an additional $2.5 billion without voter approval, ” said Senate Republican Leader Tom Kean Jr. “We have made a commitment to the working families of this State to ensure they have a voice in the financial future of this state.”
“The Republicans in the General Assembly realize that the real solution to our budget problems is to begin acting in a fiscally responsible manner, ” said DeCroce, R-Morris and Passaic. “This includes putting an end to the reckless borrowing of recent years, and that means not approving any more borrowing, including for school construction, without voter approval.”
Republicans in the Senate and Assembly said that borrowing billions of dollars a year without voter approval is one of the ways New Jersey landed in its current financial crisis. Kean and DeCroce said that Governor Corzine needs to know the Republican caucus is united on this issue and will vote against all bonding initiatives that are not submitted to the voters.
In his State of the State address, Governor Corzine announced that all future state borrowing would be approved by voters. Just weeks later, he proposed a plan to the State Supreme Court to borrow $2.5 billion for school funding, without putting it on the ballot.
Then two Democratic senators introduced a bill that would increase Governor Corzine’s borrowing proposal from $2.5 billion to $3.5 billion, all without voter approval.
“When given a voice on the issue of state borrowing last November, the people sent a strong message that they have had enough, ” DeCroce said. “Enough of the reckless taxing, borrowing and spending.”
“In addition, the Lance-Lesniak measure calling for a constitutional ban on borrowing without voter approval, SCR-39, needs to move forward immediately, ” Kean said.
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