S2944 would move almost 5.2 billion dollars to the “New Jersey Debt Defeasance and Prevention Fund.”
The General Assembly passed S2944 on June 29, 2022 by a vote of 46 to 34. We have assigned pluses to the nays because though this bill is partly an attempt to address outstanding public debt in New Jersey, it also allocates more than 1.5 billion dollars for lavish public spending projects including 191 million dollars for improvements for the Newark Penn Station building, and 176 million for infrastructure and access improvements at the Hoboken Ferry Terminal Building and Hoboken Bus Terminal.