Christie Backing $750 Million N.J. College Bond Referendum
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New Jersey Governor Chris Christie said he supports a proposed $750 million bond referendum for college capital projects that is moving through the Legislature.
The measure, which was advanced yesterday by the Senate Budget Committee, would ask voters in November to approve borrowing to fund the construction of classrooms, labs and other academic buildings. Another bill would direct $540 million of unused bonding capacity for the same purpose, bringing the total investment to as much as $1.3 billion.