Governor Murphy CVs Municipal/County COVID-19 Relief Bond Bill

Murphy

Governor Murphy on Friday conditionally vetoed A-3971/S-2475 (Benson, Coughlin, DeAngelo, DeCroce/Singleton, Gopal, Scutari), which authorizes the issuance of “coronavirus relief bonds” by municipalities and counties.

In his CV memo, Murphy said the ‘better pathway to accomplish this result is to build upon the well-established local budgetary and debt structures in facilitating this critical relief, rather than to create a new, additional financing mechanism for this singular purpose.’

The Governor listed his recommendations for amending the bill:

A3971CV
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