New Jersey to sell $300M in bonds for education, open space

Republican Gov. Chris Christie’s administration has approved $300 million in bond sales for higher education, open space and historic preservation projects.

The plans approved Wednesday include the final $200 million of $750 million in bonding for higher education that voters approved in 2012. The rest includes a combined $100 million for environmental, farmland, floodplain and historical preservation.

The sale means the state has reached the $750 million cap in higher education bonding agreed to in 2012 in the measure approved by voters. That debt was used for a number of projects across the state, including building or refurbishing facilities at more than a half-dozen state colleges.

The bonds are expected to be sold by Dec. 21.

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