Borrow and Spend Bill seeks to fund most of NJ transportation program with $1.25B in loans
Photo by Boyd Loving
Bill seeks to fund most of NJ transportation program with $1.25B in loans
Nearly 80 percent of the state’s transportation program will be paid for with borrowed money next year — with nothing coming from cash revenues on hand — under proposed legislation that will help the Christie administration plug a revenue gap in the state budget.
Senate Bill 2020, introduced by Republicans on Thursday, would give the state’s Transportation Trust Fund Authority the go-ahead to borrow $1.25 billion to put towards the $1.6 billion the state will spend on its transportation program in 2013. (Rouse, The Record)
Share this article
- Ridgewood Train Station: $40 Million Dollars you would think they could cut the grass?
- CHRISTIE ADMINISTRATION ANNOUNCES ENHANCEMENTS TO 7TH AVENUE CONCOURSE AT NEW YORK PENN STATION
- Driving to work now costs $9,100 a year as insurance and maintenance prices rise
- NJ TRANSIT is currently in a heightened state of alert
- Long commutes are fatal: Journeys over 30 miles cause higher blood pressure, stress and heart disease
- CHRISTIE ADMINISTRATION ANNOUNCES NJ TRANSIT CUSTOMER SATISFACTION JUMPS NEARLY 25 PERCENT
- CONSTRUCTION/TRAFFIC ALERT
- Long N.J. commutes cross many lines
- NJ TRANSIT Full system wide cross-honoring
- Reader says politicians and NJT should try commuting sometime before making infrastructure decisions