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Will Gov. Murphy honor his pledge to pay back billions he borrowed now that N.J. is flush with cash?
Updated 11:02 AM;
Today 8:00 AM
New Jersey Gov. Phil Murphy delivers his Fiscal Year 2021 budget address at Rutgers University s SHI Stadium in August.Michael Mancuso | NJ Advance Med
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Gov. Phil Murphy’s multi-billion dollar borrowing pitch always came with a disclaimer.
If New Jersey somehow, someway borrowed more money than it needed to dig out from the coronavirus pandemic, the governor had a Plan B, he said.
“We can just pay the debt down immediately,” Murphy explained on April 16, 2020, addressing what his administration presented as an unlikely scenario.
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