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NJ Supreme Court ruling allows Murphy to borrow up to $9.9B

The court's decision gives Murphy permission to take on new debt without voter approval.

08/12/2020

NJTV News

NJ Supreme Court ruling allows Murphy to borrow up to $9.9B

Clip: 8/12/2020 | 3m 18sVideo has Closed Captions

The court's decision gives Murphy permission to take on new debt without voter approval.

In an unanimous ruling Wednesday, the court's decision gives Murphy permission to take on new debt without voter approval to offset state revenue losses caused by the COVID-19 outbreak.

08/12/2020

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