TITLE

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

AUTHOR(S)
Braun, Martin Z.
PUB. DATE
January 2002
SOURCE
Bond Buyer;1/31/2002, Vol. 339 Issue 31315, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9065508

 

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