New Jersey Republican State Committee v. Philip D. Murphy (084731)(Mercer County and Statewide)

Summary

The Supreme Court of New Jersey held that the New Jersey COVID-19 Emergency Bond Act is constitutional under the State Constitution’s Debt Limitation Clause and does not violate the Appropriations Clause, subject to limits that borrowing not exceed the certified fiscal shortfall and that the Governor or Treasurer certify the shortfall before each tranche of borrowing.