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Article: United States: New Jersey lawmakers want $3.5B for school construction.
- Article from:
- TendersInfo
- Article date:
- June 18, 2008
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Byline: pinto03
New Jersey legislators are moving forward with plans to borrow $3.5 billion for school construction without voter approval.
The Senate budget committee Thursday is to consider authorizing the New Jersey Economic Development Authority to borrow the money, largely for poor city schools.
The money would restart a state Supreme Court-ordered school construction program that has already cost $8.6 billion but been stalled by mismanagement.
Gov. Jon S. Corzine has told the court, which became concerned with delays, that he would try to get at least $2.5 billion approved by month's end.
Thursday's borrowing bill ...