Donate

NJ taxpayers may bear the brunt to tobacco bond bailout

Listen
 New Jersey's state treasurer Andrew Sidamon-Eristoff is shown testifying before the state Senate budget committee at the Statehouse in Trenton, N.J., in May of 2014, to answer questions about Gov. Chris Christie's plan to bridge an unexpected $2.75 billion budget gap. (AP Photo/Mel Evans)

New Jersey's state treasurer Andrew Sidamon-Eristoff is shown testifying before the state Senate budget committee at the Statehouse in Trenton, N.J., in May of 2014, to answer questions about Gov. Chris Christie's plan to bridge an unexpected $2.75 billion budget gap. (AP Photo/Mel Evans)

When lawmakers in Trenton decided to bail out its tobacco bonds, the state gave up $400 million in future revenue to pocket $92 million immediately.  NewsWorks Tonight Host Dave Heller breaks down the deal with ProPublica’s Cezary Podkul.

Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

Help us get to 100% of our membership goal to support the reporters covering our region, the producers bringing you great local programs and the educators who teach all our children.