Calling it a clear violation of the State Constitution, Senator Christopher Connors, Assemblyman Brian Rumpf, and Assemblywoman DiAnne Gove all voted against legislation to allow the Murphy Administration to borrow $9.9 billion without voter approval.
Both the Senate and Assembly approved the legislation during voting sessions on July 16th. The legislation, A-4175, was quickly signed into law by Governor Murphy.
Connors, Rumpf & Gove all voted against legislation to allow the Murphy Administration to borrow $9.9 billion without voter approval. (Wikimedia Commons)
“State spending was out of control before COVID-19 hit. New Jersey’s fiscal condition was already under duress due to Trenton’s reckless spending of money that it didn’t have and that taxpayers could not afford.
“Rather than face reality and listen to the pleas by desperate taxpayers and institute fiscal reforms, Trenton concocted a scheme to bypass the State Constitution to borrow nearly $10 billion without voter approval. While the borrowed money will be used up in one year, taxpayers will be picking up the costs for the next 35 years.
“From the outset, our delegation rejected the scheme knowing that the existing tax burden on our constituents would only be magnified regardless of any spin from those who would ignore the fact that New Jersey’s debt is already at an alarming level. It only follows that big government advocates are going to push for tax increases to pay off the $10 billion borrowed, interest accrued, and finance and commission fees.
“In all, this is yet another extreme policy that will have serious financial consequences for taxpayers.”
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