Instead, she said, the money would come from unanticipated tax revenues and her pension bond borrowing proposal.

A Morris Township lawmaker wants voters to decide whether the state may sell $2.9 billion in pension bonds.

The cost of servicing all the outstanding pension bonds was about $800 million a year.

Sacramento County, Calif., $153 million of taxable pension refunding bonds.

The $590 million windfall was made possible by the sale of $2.8 billion in pension bonds, completed last week.

Lafayette, La., $50 million of taxable pension refunding bonds.

He played a major role in creating the new law that allowed the state to sell $2.75 billion in pension bonds.

County officials said investors in a pension bond backed by the investment pool, now frozen by the bankruptcy, were not paid on schedule today.

While New Jersey would be the first state to issue pension bonds, Michigan is considering a similar approach.

Fresno County, Calif., $117.9 million of refunding taxable pension bonds.