Grossman: Bond ballot question a ‘Trojan horse’

Count Seth Grossman among those few opposed to the $500 million in bonds on the ballot in November.

The bond program, which passed with broad bipartisan support in both chambers of the legislature, would invest $350 million into school safety and vocational schools, but while Grossman called the cause commendable, he’s still concerned about further burgeoning the state’s debt, which numbers among the highest in the nation.

“This ballot question led by the Democratic state government under Gov. Murphy and Senate President Steve Sweeney, and supported by State Sen. Jeff Van Drew, is a ‘Trojan Horse’ about to push New Jersey into bankruptcy,” Grossman said. “Up until now, the New Jersey Constitution protected state citizens from being responsible for the state debt.  This ballot question’s hidden bond issue language amounts to placing second mortgages on everyone’s properties.”

Grossman said that language in the bill would push the costs directly onto tax payers if the state cannot make its debt service payments.