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PR: In Wake of Sandy, Lonegan Calls on Senators Kean and Sweeney to Rescind Support of $750 Million Bond Issue

November 01, 2012

For Immediate Release – November 1, 2012

In Wake of Sandy, Lonegan Calls on Senators Kean and Sweeney to Rescind Support of $750 Million Bond Issue

AFP State Director Says State’s Resources Now Needed for Rebuilding Effort

BOGOTA, NJ – Americans for Prosperity-New Jersey state director Steve Lonegan is calling on leading proponents of a plan to borrow $750 million for higher education to rescind their support for the measure in the wake of the devastation caused by Hurricane Sandy. The referendum, Ballot Question One, is before voters on November 6.

“Millions of New Jersey residents have just suffered a devastating loss. Many have witnessed the loss of their homes or businesses and have had their very livelihoods destroyed by this historic storm. Now is not the time for the State to be recklessly borrowing $750 million to erect more ivory towers on college campuses,” said Lonegan.

“New Jersey is broke and tens of billions of dollars in debt. After decades of fiscal mismanagement, the chickens have come home to roost. There is no money for a rainy day,” continued Lonegan. “The State is facing significant losses from property tax and sales tax revenue streams due to the storm that could result in a real fiscal and budgetary calamity.”

“Senate Majority Leader Sweeney and Senate Minority Leader Kean, both of whom who have led the charge for this irresponsible borrowing scheme, should now publicly withdraw their support for the plan. The senators should focus on using the State’s limited resources to help those New Jerseyans who have had their lives turned upside down to begin the painstaking process of rebuilding their communities and their lives, not sink the State into an even deeper hole in a time of crisis.”

Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFP educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFP is more than 2 million activists strong, with activists in all 50 states.  AFP has 34 state chapters and affiliates. More than 85,000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit www.americansforprosperity.org

Americans for Prosperity does not support or oppose candidates for public office.

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