Already Among Nation’s Most Indebted States, NJ Hits New Record

njspotlightnews.org

New Jersey’s bonded debt went up by nearly $4 billion during the last fiscal year, marking the first net increase in borrowing to occur during Gov. Phil Murphy’s tenure.

The new official accounting of how much the state owes its bondholders — a sum of $48.2 billion as of June 30, 2021 — was included in a comprehensive financial audit for the 2021 fiscal year released earlier this (last) week.