New Jersey Ballot Question Results (schools, university, price)

[manderly6]

Both questions were approved. Judges now have to pay more for benefits and the bonding measure for NJ colleges was approved.

[GiantRutgersfan]

I think it is the right course of action. The state colleges have been very underfunded for a very long time.

[njkate]

Originally Posted by GiantRutgersfan

I think it is the right course of action. The state colleges have been very underfunded for a very long time.

I think I read it's been 24 years since any bond issue to fund higher education....I voted yes on both

[tahiti]

Originally Posted by njkate

I think I read it's been 24 years since any bond issue to fund higher education....I voted yes on both

as did i

[Retriever]

This is definitely good news for the future of our state college system, as well as for the strengthening of the state pension system.
When those court decisions were handed down--in favor of members of the court NOT having to pay more toward theirown pensions--the inherent conflict of interest was...absolutely incredible. Now justice has been served--no pun intended.

And, this means that I went with the winning side in every category on the ballot.
Good job, Retriever!

Ouch!
I just sprained my arm by patting myself on the back too vigorously.

[NJ2MDdude]

Originally Posted by njkate

I think I read it's been 24 years since any bond issue to fund higher education....I voted yes on both

Per the Municipal Securities Rulings Board website, Rutgers University, for example, has issued 117 bonds during the 10-year period ending January 1, 2012.

[bradykp]

I am still a little confused on the Bond question. So...we just gave the state permission to take more debt to fund the schools? or do the schools issue the debt?

[sonofagunk]

Originally Posted by bradykp

I am still a little confused on the Bond question. So...we just gave the state permission to take more debt to fund the schools? or do the schools issue the debt?

state takes debt. Basically gives schools $3 for every $1 they invest in new buildings. Does nothing to lower tuition, if anything it will raise it. Now the schools have to come up with that $1 before money runs out and will also have to support these new buildings and fill them with employees

[CaptainNJ]

i voted no on the bonds, yes on the judge money.

its sickening that people will increase government debt these days. but i guess you say "education" and you hit a trigger word for the sheep. ohhhh its education, we need to waste taxpayer money on bloated overpriced education!!!! its investing in our future!!!! all the sudden, you justify incredible waste and further saddling future generations with more debt.

[NJBest]

Originally Posted by sonofagunk

state takes debt. Basically gives schools $3 for every $1 they invest in new buildings. Does nothing to lower tuition, if anything it will raise it. Now the schools have to come up with that $1 before money runs out and will also have to support these new buildings and fill them with employees

Hopefully the schools use the money to improve the quality of education. That's where the problem is. The tuition is just fine.