NJ voters will weigh bond issue in November

    By: Phil Gregory

    New Jersey residents pay the nation’s highest state taxes, but that hasn’t stopped them from consistently approving more borrowing for open space.

    By: Phil Gregory
    philgregorynews@gmail.com

    New Jersey residents pay the nation’s highest state taxes, but that hasn’t stopped them from consistently approving more borrowing for open space. This November Garden State residents will be asked to approve an additional $400 million dollars in bonds.

    Listen:
    [audio: 090929pgbond.mp3]

    The Keep It Green coalition of 135 organizations has launched its campaign for passage of the bond issue.

    John Hatch the President of Preservation New Jersey says it will help preserve historic sites and open spaces.

    Hatch: Without this funding thousands of acres of crucial open space and farmlands will be lost to unsustainable suburban sprawl. Without funding for the New Jersey Historic Trust hundreds of historic places important to people across the state will continue to deteriorate and will be lost.

    If approved, the borrowing would put money in the depleted Garden State Preservation Trust and would the 13th time since 1961 New Jersey votes have authorized such a bond issue.

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