Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, announced today that he is proposing a $2 billion bond issue to alleviate flooding along the Passaic River. The bond issue would have to be approved by voters.
“The Passaic River has been flooding severely for decades, and following Hurricane Irene and Tropical Storm Lee is it obvious that the Passaic River Basin needs a long-term permanent fix,” Pennacchio began. “I have had preliminary conversations with Treasury officials and the non-partisan Office of Legislative Services to continue working on the language of the proposal.”
“I look forward towards moving this bill forward at the earliest possible time to provide the relief that the long-suffering residents of the Passaic River Basin so desperately need,” Pennacchio concluded.