Murphy administration says the borrowing is allowed to respond to an emergency caused by a disaster. Republicans sued saying it would need voter approval.
Billions of stock trades are run through computer servers in New Jersey. A tiny tax on those could yield big money, unless it prompts them to be relocated.
All but two Democrats voted for the plan. No Republicans were for it and say they'll file suit ASAP to have it overturned for violating state constitution.
Gov. Phil Murphy and the state's Democrat-controlled Legislature have agreed on a measure that would allow the state to borrow up to roughly $10 billion to address the financial crisis caused by the coronavirus pandemic.
Language in the three-month budget enacted Tuesday directs the DEP to seek ideas for "cultural, recreational and local economic opportunities" in state parks.
The $7.7 billion in spending will keep the state operating through September. Big decisions about cuts, taxes and borrowing are due over the next three months.
Senate and Assembly are expected at the Statehouse Monday, for first time since March, for voting sessions that include a 3-month, $7.7 billion spending plan.
In a party-line vote, Assembly approves plan to patch over steep declines in government revenues by borrowing billions of dollars to pay current expenses.