NJ taxpayers may bear the brunt to tobacco bond bailout
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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.
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