The New Jersey Legislature passed a $32.8 billion budget late Monday night that authorized the sale of $3.9 billion of bonds for school construction and pays down $650 million of outstanding debt.

"By its actions, the Legislature provided the means to build decent schools for New Jersey's children, offered quality health care for children and those who are without access to health insurance, and made a $650 million payment toward reducing the state's debt," Gov. Jon Corzine, a Democrat,said in press release. "It was, all things considered, an important day's work for the future of New Jersey."

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