Veto in N.J. Halves $1B Bonds for Vo-Tech, Community CollegesAugust 29, 2018 |
by Daniel J. Munoz
Gov. Phil Murphy has blocked the Legislature’s push to issue $1 billion in bonds for school upgrades statewide, instead opting to halve the amount to $500 million that the state could borrow.
Murphy’s conditional veto of Senate Bill 2293, formally called the “Security Our Children’s Future Bond Act,” bounces the bill back to the state Senate where it originated.
“While I certainly endorse the priorities established in this bill, I also believe that their long term fiscal implications must be carefully considered,” Murphy said in a veto message.