No Formal Plans on the Table for Sales Tax-Backed Bonds in New Jersey

Cataldo, Adam L.
July 2006
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p6
Trade Publication
The article reports on discussions involving the issuance of up to $7 billion in bonds backed by a portion of the revenues from a sales tax increase of one percentage point in New Jersey. Governor Jon Corzine has talked about the possibility of issuing the debt during an interview with the editorial board of the "Star-Ledger." In the interview, Corzine said that money raised from the borrowing could be used to help reduce the size of local government or to reduce property taxes.


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