Gov. Jon Corzine last month unveiled a plan to restructure $32 billion of New Jersey's debt utilizing a technique previously reserved for the private sector that requires officials to give up some long-term control over toll levels in exchange for the fiscal resources to fund the state's transportation infrastructure for 75 years.

Corzine last week sat down with The Bond Buyer to talk about his proposal and future plans for New Jersey, including his fiscal 2009 budget - to be released on Feb. 26.

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