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    The Week in Public Finance: New Jersey's Tax Plan, Online Lending Myths and Cities' Recovery

    BY  OCTOBER 14, 2016

    New Jersey: Between a Rock and a Hard Place

    Moody’s Investors Service has panned New Jersey’s plan to beef up its transportation funding, mainly because it does so at the expense of other state programs. The legislature this month approved a 23-cent gas tax increase, which will raise approximately $1.2 billion.

    But to offset the tax increase, the legislature also approved tax reductions.

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