Bond In Investing Savings Conservation activists gathered in a wind-whipped farm field Tuesday to urge support for a statewide ballot measure that would squeeze another $150 million out of a fund for open space preservation.
will go to the House Floor on Tuesday, June 7th. Congressman Paul urges vitamin consumer's support for this bill.
Bond Investment Toledo Toledo Public Question No. 1 on the Nov. 4 general election ballot would raise the ceiling on how much the Garden State Preservation Trust can issue in bonds, from $1 billion to $1.15 billion.
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James Bond Trading Card The extra cost will be covered by falling interest rates, speakers said -- that is, the trust can afford to issue more bonds because it won't have to pay as much interest on them as was believed originally.
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Bond In Investing Stock "One of the good things about the economy these days is that interest rates are very low, and we can afford more than $1 billion in bonding," said Michael Catania, president of the Coalition for Conservation, speaking at a press conference at Hacklebarney Farm.
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Municipal Bonds Investment "We think this is an incredible opportunity because it won't cost the taxpayers an extra nickel," he said.
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Bond Terms Trading Speakers said land preservation funds are getting tighter and tighter.
Bond Debt High In Inside The number of applicants has doubled in the past five years, and escalating land prices mean the grants only buy a fraction of the property they did in years past, said David Epstein, executive director of the Morris Land Conservancy.
Bond Greenville Greenville "The state money just isn't going as far as it used to," he said.
Trading Stock And Bonds He said that Bergen County has only 500 acres of privately held, undeveloped land left and that Morris County could be headed in the same direction.
Bond Investing Municipal "The next 10 years, that's where we're going," he said. "You just look at the pace of development here; it's inevitable."
Basis Bond Finance Hill Other speakers included New Jersey Agriculture Secretary Charles Kuperus, who said open space and farmland preservation are important for ecological reasons such as ground water recharge.
Bond Explained Terms Trading "If we don't preserve that open landscape, that agricultural landscape how are we going to sustain future populations in New Jersey?" he said. "We don't have much time. We have to do it now."
Bond Business Investing Stock Hacklebarney Farm, the site of a farm market and cider mill, was preserved last November through state and county funds that were used to buy the development rights to the 21-acre farm.
Bond Houston Houston The Garden State Preservation Trust was born out of a 1998 voter referendum that authorized a stable source of funding for open space preservation. It was given $98 million a year over 30 years in dedicated funds from sales tax revenues.
Stock Bonds Day Trading That money will be used to pay the interest on the $1 billion in bonds issued by the trust -- or $1.15 billion, if the ballot measure is approved.
Bond Corporate Investing Some of that money also will be used for additional open space, recreation and farmland preservation.
Investment Bond Uk Combined with the bonds, the total amount the trust spends for open space and recreation will be closer to $2 billion, said John Gilbert, the trust's assistant director.
Bond Trading Strategy Still, demand is far outstripping the funding supply.
Bond Fixed In Income Investing The trust routinely receives about $1 billion more in requests than it can afford to give out, said Judy Jengo, the trust's executive director.
Bond Dayton Dayton Investment "We fund about one out of every five dollars requested, which is quite a lot of demand," she said.
Bond Management Market Risk The nine-member trust last week recommended $250 million in new spending this year for land preservation, more than the $200 million cap contained in the Garden State Preservation Trust Act.
Bond In Investing Municipal The recommendation must be approved by the Legislature.
Bond Investment Las Las North Jengo said the trust is "acutely aware of the demand and need for funding in all corners of New Jersey, and the time sensitivity of meeting some of that need and demand, and so it's doing its best to meet that need in a timely way."
Future Bond Trading System "Some of these parcels come and go, if not attended to," she said.
Bond In Investing Junk By Chris Gosier
Daily Record - 10/22/2003
Topic: Public Question #1
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