New Jersey Looks to Borrow Millions for Higher Education Construction

NEW BRUNSWICK, N.J. — The time of voting is upon us and in New Jersey it could mean funding for college and university construction projects.

If the state voters approve a $750 million referendum on borrowing for construction at New Jersey colleges and universities, projects would require a 25 percent match by the schools, increasing the value of investment to $1 billion. If voters pass the referendum, it would be New Jersey’s single largest financial commitment to higher education since a 1988 referendum of $350 million.

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