Passage of bond act shows public's hypocrisy - Press of Atlantic City: Voice Of The People

Passage of bond act shows public's hypocrisy

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Posted: Monday, November 12, 2012 12:01 am

I voted "no" on Public Question No. 1, which allows New Jersey to borrow $750 million to fund grants to New Jersey institutions of higher learning so they can build and improve their facilities. The measure passed, and now, over the next 20 years or so, New Jersey will have to come up with about $1 billion of additional tax revenue in order to repay those bonds and the interest that they accrue. That aspect of the initiative was never put on the ballot.

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