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Biz groups suggest debt repayment with Biden $6.4B for COVID recovery April 5, 2021
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Several of the New Jersey’s largest chambers of commerce and business trade groups are floating a major paydown of some of the state’s $44 billion in debt using federal relief funds from the Biden administration, as part of the first step for recovery from the COVID-19 recession.
New Jersey is slated to get roughly $6.4 billion in federal aid under the relief plan that President Joe Biden signed in March. Another $4 billion is going to municipal and county governments, another $2 billion toward New Jersey Transit, and hundreds of millions of dollars for the state’s airports.
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New Jersey lawmakers advanced a group of bills aimed at helping the struggling hospitality industry. Here s how. (Edwin J. Torrest/NJ Governor s Office)
NEW JERSEY State lawmakers approved a package of bills aimed at helping the struggling hospitality industry and economy amid the coronavirus pandemic.
The General Assembly unanimously approved four bills this week that address capacity limits that are having a negative impact on restaurants, bars, and wedding venues.
Four counterpart bills have been introduced in the state Senate, but they remain in committee. Should those bills be approved, the whole package would to the governor s desk for his signature.