New Jersey last week released its 2010 debt report, with school construction debt and Transportation Trust Fund Authority bonds increasing the state’s outstanding general obligation and appropriation debt by $1.25 billion to $32.84 billion.

Over the past few years, the state has looked toward limiting its borrowing after racking up billions of appropriation debt through its state bonding authorities. New Jersey has $30.24 billion of appropriation debt, which accounts for 92% of the state’s outstanding debt, and $2.59 billion of GO bonds, as of June 30, 2010.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.