Vote could authorize borrowing $750 million.
By James Osborne, Inquirer Staff Writer
Almost a quarter-century after New Jersey voters last approved a bond issue for higher education, political leaders and some of the state’s most powerful business executives are trying to sell them on borrowing $750 million to expand and renovate colleges in the state.
“I was talking to the head of one of the [pharmaceutical] companies one time, and I said, ‘Why are you going to Massachusetts? They have more regulatory issues than we do.’ He said, ‘MIT. They’re making investments up there and you’re not,’ ” said Senate President Stephen Sweeney (D., Gloucester). “If we don’t make this change now, we’re in trouble.”
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