Murphy earmarks $400M for revolving bonds supporting higher education

Gov. Phil Murphy on Nov. 16 said that New Jersey will release $400 million in capital facilities grant funding in a joint solicitation of four revolving bond programs to support the state’s institutions of higher education and its students.

“Whether it is a top-notch science lab or a state-of-the-art technology center, we need to ensure our campuses include these critical resources to compete and win these young hearts and minds to seek their educational futures here,” Murphy said. “With this investment, we are committed to meeting the infrastructure needs of our higher education institutions while creating good-paying union jobs and achieving our goals of college affordability and competitiveness.”

“These revolving bonds will assist the state’s institutions of higher education to repair and enhance their physical locations, build for the future and remain competitive in tomorrow’s higher education landscape,” added Dr. Brian K. Bridges, New Jersey’s secretary of higher education.

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