A 4175: “New Jersey COVID-19 Emergency Bond Act,” authorizes issuance of State bonds totaling $5 billion and authorizes borrowing from federal government

A 4175

“New Jersey COVID-19 Emergency Bond Act,” authorizes issuance of State bonds totaling $5 billion and authorizes borrowing from federal government

A 4175 (Pintor Marin) New Jersey faces an unprecedented dire economic situation due to the COVID-19 crisis.  While borrowing is not anyone’s first choice, state priorities in education, infrastructure, and the health and safety of New Jersey residents face severe consequences without immediate action. NJEA supports the Speaker’s initiative as an immediate and necessary measure to preserve our state priorities and the health of our schools, communities, and students.  However, the Legislature can and should move forward immediately with S- 2273, a comprehensive Chapter 78 relief bill passed unanimously in the Senate, which would provide essential health care savings for local school districts, taxpayers, and public education employees as an equally necessary measure in this time of grave need.

NJEA urges you to support A4175.

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