-
Business
-
Policy & Business
-
-
Federal IT
-
Information Technology
-
-
State & Local
-
State & Local Government
-
-
Defense
-
Defense & Intelligence
-
-
Healthcare
-
Healthcare Policy & IT
-
-
Energy
-
Energy Policy & Technology
-
-
Education
-
Education Policy & Technology
-
New Jersey Could Allow Local Governments to Borrow to Avoid Budget Cuts
Route Fifty: Local leaders in New Jersey could issue "coronavirus relief bonds" to help offset shrinking tax revenues under a bill passed this week by state lawmakers.
The legislation, passed 24-16 by the state Senate on Thursday, would allow counties and municipalities to borrow up to 30% of the previous year’s budget with a repayment period of up to a decade, backed by local property tax revenue. Localities could also seek permission from the state to borrow higher amounts with longer repayment periods.
Share
Top Stories
- The Top Issues for State Government Tech Leaders
- Senate Majority Leader Andrea Stewart-Cousins tells Cuomo to resign
- Longmont City Council Considers Commuter Rail Options
- Democrats forge deal to strip Cuomo's emergency powers
- Michigan GOP: Relief Spending Contingent on Whitmer’s Power
- Biden plan to distribute virus aid irks some governors
- States Expect Delay of Federal Unemployment Payments
- How Seattle's new payroll tax complicates efforts to enact one statewide
- Stimulus extends unemployment benefits. Tens of thousands in NC may still be left out.
- Connecticut Transportation Funds Could Go Broke by 2024
- State Legislatures Face a Session Like No Other
- Researchers Examining Covid Vaccine Barriers, Skepticism in Five Communities
- Legislature will meet in person, defying pleas to meet entirely remotely
- Over 1.1 million ballots cast in early voting for Georgia U.S. Senate runoffs
- Congress Nears Covid-19 Relief Deal With Direct Stimulus Payments, But No Local Government Aid
- Dems ask to postpone legislative session
Whitepapers & Special Reports
i360Gov Newsletters
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe NowAlso in State & Local Government
About
i360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Contact Us
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
Newsletters
Copyright © 2009-2024 i360Communications, LLC.