New Jersey's 24th Legislative District

Senator Steven Oroho

Senator Steve Oroho

Oroho Concerned by Murphy Administration’s Slow Pace on Debt Retirement

Please Share:

Bookmark and Share

Senate Republican Budget Officer Steven Oroho (R-24) expressed concern with the slow pace taken by the Murphy administration to retire State debt in response to the first public meeting today of Treasury officials to discuss repayment options:

Senate Republican Budget Officer Steven Oroho expressed concern with the slow pace taken by the Murphy administration to retire State debt. (©iStock)

“It’s extremely disturbing that it’s taken Governor Murphy a year to begin discussing ways to retire debt after his administration admitted it borrowed $4.5 billion unnecessarily last fall without voter approval.

“Instead of taking quick action to wipe debt off the books as instructed by the Legislature in June, the Murphy administration has delayed action for months at a cost of millions of dollars. We’re extremely concerned that the governor only has plans to retire a fraction of the unnecessary debt he issued.

“Every dollar Governor Murphy continues to waste on interest payments on debt he has failed to retire is a dollar that’s not available to help New Jerseyans struggling to recover from the pandemic.”

Similar Posts on SenateNJ.com

Leave a Comment:

Comment Rules: Please remain civil, stay on topic, and refrain from using foul or abusive language. Posts that violate those rules may be hidden or deleted, and repeated violators may be blocked. To prevent spam, comments with links are automatically filtered.

District 24 Guide

Steven Oroho

Steve's Bio & Public Service

Constituent Services

Steve Can Help You!

Contact Steve

Steve Wants to Hear from You!

District 24

About the Legislative District

Email Updates

Sign Up for Steve's Newsletter

Facebook

Follow Steve's Page

Internships

Students - Get Involved

Legislative Activity

Committees, Bills & Votes

Twitter

Tweet @stevenoroho

Steve's Recent Posts

- Proudly Serving Parts of Morris, Sussex and Warren Counties -