Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot
Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot
The Senate Community and Urban Affairs Committee has advanced Senate Republican Leader Anthony M. Bucco’s (R-25) bill, which authorizes fire districts to issue a series of one-year bond anticipation notes for up to 10 years to finance capital projects.
“Giving our fire districts this financial flexibility will not only protect New Jersey taxpayers from incurring higher financing costs for capital projects, but it also allows for long-term planning solutions that alleviate some of the pressures that could impact community safety and preparedness,” Bucco stated.
Bill S-2577 would permit fire districts to finance capital projects with bond anticipation notes for the duration of most projects, enabling them to avoid more expensive financing options after three years. Currently, these notes can be issued for only up to three years.
For further information or to speak with Sen. Bucco, contact Kyle Fischer, SRO director of communications, at [email protected].
Alerts Sign-up