N.J. Governor Targets Tobacco Money to Deal With Budget Shortfall

Braun, Martin Z.
January 2002
Bond Buyer;1/31/2002, Vol. 339 Issue 31315, p36
Trade Publication
Reports on the decision of New Jersey governor James E. McGreevey about the use of federal tobacco settlement to meet a few billion dollars budget deficit in fiscal 2003. Plans of other states for securitizing a portion of tobacco proceed to meet budget deficits; States that issued funds in tobacco bonds in 2001; Opposition of McGreevey's plan by Republican state senator Leonard Lance.


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