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Tag Archives: American Rescue Plan

Flush with cash (access required)

New Jersey Treasurer Elizabeth Maher Muoio answers questions after giving her report to the NJ Senate Budget and Appropriations Committee meeting on May 14, 2019.

New Jersey in a peculiar situation: too much money and not a solid idea of where to spend it. As of the latest estimates, the state is looking at a $6.3 billion closing balance come June 30. That’s thanks to billions of dollars in federal aid, nearly $4 billion of bond issue proceeds and higher tax revenue fueled by pent-up consumer demand.

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