Higher education’s wish list for a bond issue in NJ could cost several billion dollars

Gov. Chris Christie says he’s studying whether voters should be asked later this year to approve borrowing money to pay for new classrooms, labs, libraries and other construction at New Jersey’s colleges and universities.

It would be the first higher-education bond issue since 1988.

School officials say the catch-up costs for infrastructure construction and repairs are growing. When the New Jersey Association of State Colleges and Universities commissioned a poll last summer, support for a $2.6 billion bond issue was tested.

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