New Jersey's 26th Legislative District

Senator Joe Pennacchio

Senator Joe Pennacchio

Pennacchio Responds to Supreme Court Ruling on Murphy Borrowing Plan

Please Share:

Bookmark and Share

Senator Joe Pennacchio released the following statement after the New Jersey Supreme Court decided in favor of Governor Murphy’s massive borrowing plan.

Senator Pennacchio said today’s ruling by the State Supreme Court supporting a massive borrowing plan by the Governor is a costly one for New Jersey taxpayers. (©iStock)

“This is a sad day for New Jersey. With this decision by the Supreme Court, Murphy will borrow up to $10 billion and impose a property tax on residents to pay for it. Incredibly, the court requires the treasurer, a Governor appointee and key member of his cabinet, to certify the need for the money in the budget. The Governor can now create an inflated budget knowing he has a New Jersey credit card to pay for it.

“New Jersey taxpayers will be paying for this mandate for decades to come.”

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.


NJ COVID-19 Information HUB

District 26 Guide

Joe Pennacchio

Joe's Bio & Public Service

Constituent Services

Joe Can Help You!

Contact Joe

Joe Wants to Hear from You!

District 26

About the Legislative District

Email Updates

Sign Up for Joe's Newsletter

Facebook

Follow Joe's Page

Internships

Students - Get Involved

Legislative Activity

Committees, Bills & Votes

Twitter

Tweet @joepennacchio

Joe's Recent Posts

- Proudly Serving Parts of Essex, Morris and Passaic Counties -