Student-Exporter New Jersey Asks College Bond

New Jersey Governor Chris Christie and lawmakers are pushing for the state’s first general-obligation bond issue for higher education in almost 25 years in a bid to reduce the nation’s biggest exodus of college students.

Voters in the 11th-most populous state, devastated by Hurricane Sandy this week, are set to decide Nov. 6 on a $750 million bond for college construction.

The Republican governor and legislators of both parties say it would create almost 10,000 jobs and add $715 million to a state economy that ranked 47th in terms of growth last year by the federal Bureau of Economic Analysis.

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