Murphy defends $4B borrowing, slams ‘Monday morning quarterbacking’
Updated Apr 07, 2021;
Posted Apr 07, 2021
The governor said during a coronavirus briefing his decision to borrow $4 billion in the fall was made with the best information available at the time.Michael Mancuso | NJ Advance Med
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Gov. Phil Murphy pushed back Wednesday against criticism that he acted prematurely in borrowing $4 billion to plug a projected budget hole last fall, saying “We make the decisions at the time we make them based on the best information we have.”
The Democratic governor, up for re-election this year, defended the decision to borrow billions of dollars as the state was facing another surge and the prospect of more lockdowns and took aim at Republican lawmakers, who in hearings Tuesday and Wednesday blasted the borrowing as hasty and unnecessary.