N.J. Republicans to Take Governor to Court Over $1.9B Deficit Bond Sale

D'Ambrosio, Jill
June 2004
Bond Buyer;6/24/2004, Vol. 348 Issue 31912, p3
Trade Publication
Reports on the announcement of Republican legislators to mount a legal action against the proposal of New Jersey Governor James E. McGreevy to sell 1.9 billion dollars in debt to balance the state's fiscal 2005 budget. Call of Senate Minority Republican Leader Leonard Lance for the governor to submit a balanced budget to the Legislature; Provision of the budget that will include a bonding that will help close a gap once estimated at 4 billion dollars; Action taken by the governor in response to the issue.


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