By Patricia Alex, Staff Writer. The Record.
Supporters of a $750-million bond initiative to fund building and renovation projects at New Jersey’s colleges and universities will soon launch a campaign to get public support for the initiative, set to appear on the ballot in November.
The referendum is the first for capital improvements at the schools since 1988. It was signed into law by Governor Christie on Wednesday. The governor also signed another bill that will make it easier for public colleges and universities in the state to enter into public-private partnerships for construction on campus.
Legislators and school leaders say the measures were needed to address a long-standing lack of state capital investment in the schools. Most schools have borrowed heavily to expand as enrollment has exploded since the last bond referendum passed.
More>>
