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Wednesday, May 1, 2024 | Back issues
Courthouse News Service Courthouse News Service

Emergency Funds

New Jersey’s Covid-19 Emergency Bond Act is constitutional, a state’s supreme court ruled. The law authorizes the state to borrow up to $9.9 billion to make up for the tax revenue shortfall created by the pandemic.

TRENTON, N.J. — New Jersey’s Covid-19 Emergency Bond Act is constitutional, the state Supreme Court ruled. The law authorizes the state to borrow up to $9.9 billion to make up for the tax revenue shortfall created by the pandemic. 

Categories / Financial, Government, Law

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