Gov. Phil Murphy NJ needs more aid to avoid ‘Armaggedon’ scenario
Gov. Phil Murphy explained Monday that New Jersey could be headed toward an “Armageddon” circumstance, with an inability to fund public educational facilities, if it doesn’t get extra federal aid due to the coronavirus pandemic.
Murphy, a Democrat, stated on CNBC’s “Squawk Box” that New Jersey’s revenues “have fallen off a table” owing to the coronavirus.
“Our prices are likely up serving people who have missing their jobs, little businesses that have been crushed, individuals who are in the overall health-treatment method, et cetera,” he explained.
New Jersey officers have earlier signaled that the state could start off to knowledge a cash crunch in four to 6 weeks. Requested by CNBC’s Becky Quick whether that could suggest an incapacity to fork out academics and law enforcement officers, for illustration, Murphy said, “that is particularly what I am talking about.”
He said he hoped the federal federal government would ultimately approve additional fiscal guidance to point out and local governments, but “which is the form of Armageddon that we’re looking at. I you should not say that with any volume of joy.”