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New Jersey Now Collects More Revenue Per Capita from Drivers than Any Other State

the staff of the Ridgewood bog

Trenton NJ, according to Steven Malanga is the senior editor of City Journal, Federal Highway Administration data on revenues that the states have available for spending on roads, bridges, and mass transit New  Jersey collected the seventh-highest transportation revenues of any state, even before it raised its gas tax and every state that spent more was considerably larger.

Continue reading New Jersey Now Collects More Revenue Per Capita from Drivers than Any Other State

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New Jersey Drivers Pay the Bulk Road Infrastructure Costs though taxes and tolls

Route_17_Glen062_theridgewoodblog

file photo by Boyd Loving

July 26,2017

the staff of the Ridgewood blog

Ridgewood NJ, according to the Tax Foundation Gas taxes are typically used to fund infrastructure maintenance and new projects, but the share of state and local road spending that is covered by tolls, user fees, and taxes varies drastically. It ranges from only 12 percent in Alaska to 76.3 percent in Hawaii.

New Jersey drivers pay the fifth-highest share of the cost to fund roads and bridges, with motorists kicking in 67 percent of the price tag through taxes and tolls, according to the Tax Foundation Study .

New Jersey only ranks behind Hawaii, Delaware, New York and Florida of states where local revenues pay a majority of road costs.

While the study did conclude that , “States should attempt to fund infrastructure through user taxes and fees as much as possible, internalizing the costs associated with using the state’s transportation systems” . Its once again disappointing yet expected that New Jersey continues to lead the nation in all the wrong things .

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Reader Calls Bergen Light Rail a taxpayer ripoff like you’ve never seen

Trolly Car HBLR

What this article omits is that the cost of this boondoggle is $1.3 billion and climbing. So for $130,000,000 a mile, we will get what the proponents project to be 24,000 trips. At $2.25 per trip ( current light rail ticket price) assuming the projected number of rides are taken every single day of the year (a heroic assumption), it will take 65 years to pay this off, not counting interest.

The money for this comes from the newly hiked gas tax which will apparently be diverted from fixing roads and bridges to pleasing a few of Loretta’s constituents.

This is a taxpayer ripoff like you’ve never seen.

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PLANNING FOR HUDSON-BERGEN LIGHT RAIL BACK ON TRACK, DRIVEN BY REVITALIZED TTF

gas station bike

JOHN REITMEYER | APRIL 25, 2017

Funds available to take extension project through environmental-impact study, but money from Trump administration now appears iffy

A renewed state Transportation Trust Fund has reignited the planning process for the proposed light rail in eastern Bergen County, a $1.3 billion project that local officials say will ease traffic congestion and stimulate economic growth.

After a long period of delay, last month officials from New Jersey Transit released a draft of the latest revised plan for the proposed 10-mile extension of the Hudson-Bergen Line, which now ends in North Bergen. NJ Transit is in the midst of a 60-day public comment period on the latest plans, which would take the line up to Englewood, where two public hearings were held yesterday.

 

http://www.njspotlight.com/stories/17/04/24/planning-for-hudson-bergen-light-rail-back-on-track-driven-by-revitalized-ttf/?utm_campaign=new-jersey-politics&utm_content=2017-26-04-9472992&utm_source=Sailthru&utm_medium=email&utm_term=New%20Jersey%20Politics

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Lawmakers seek changes to TTF program, including transparency rollback

Senate President Sweeney_theridgewoodblog

By RYAN HUTCHINS

03/14/17 05:32 AM EDT

TRENTON — Democratic lawmakers in the Statehouse are considering major changes to New Jersey’s infrastructure spending program but are being met with resistance from their Republican colleagues.

The complex, 21-page bill (S3075) would enact broad amendments to the law passed last year authorizing the state’s Transportation Trust Fund to spend $2 billion per year on road, bridge and transit projects.

The new measure, sponsored by Senate President Stephen Sweeney, would strip a key transparency requirement, delay the creation of a panel to review the proposals and create a new system by which counties and towns could take over stalled projects. It would also allow the state to “bundle” several related projects, potentially speeding up environmental reviews and engineering work.

Introduced a week ago, the bill was quickly ushered through committee and was scheduled for a vote in the state Senate Monday, but never went on the board. Sweeney said he did not have enough support to call a vote without first sending the bill though a second reading. Such a predicament suggests fairly significant Republican opposition.

http://www.politico.com/states/new-jersey/story/2017/03/lawmakers-seek-changes-to-ttf-program-including-transparency-rollbacks-110344

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There was a lot of money behind last year’s push to raise N.J.’s gas tax

gas tax nj

By Samantha Marcus | NJ Advance Media for NJ.com
on March 02, 2017 at 7:02 PM, updated March 02, 2017 at 7:57 PM

TRENTON — One of the state’s leading proponents in last year’s fight to raise the gas tax for the Transportation Trust Fund spent nearly $4.4 million lobbying last year, according to an Election Law Enforcement Commission analysis.

The Engineers Labor Employer Cooperative more than quadrupled its spending over 2015, making it the highest-spending special interest organization in 2016.

Total lobbying in the state last year reached $68.3 million, a slight drop from the year prior, but still one of the most expensive years on record, the commission said.

The engineers cooperative, embarked on an ad campaign pushing both the 23 cent gasoline tax hike and a constitutional amendment dedicating all tax revenues to the Transportation Trust Fund, beat out even the deep pockets of the New Jersey Education Association, the state’s prominent teachers union.

http://www.nj.com/politics/index.ssf/2017/03/nj_groups_spent_5m_to_promote_gas_tax_hike_last_ye.html#incart_2box_nj-homepage-featured

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NJ Senate Republican Leader Tom Kean “Rather than work for headlines, Senate Democrats should start working for New Jersey.”

Sweeney & Prieto

Kean Urges NJ Senate Democrats to Spend Less Time Criticizing Washington & More Time Working to Fix New Jersey

February 19,2017

the staff of the Ridgewood blog

Trenton NJ, Senate Republican Leader Tom Kean called on New Jersey Senate Democrats to spend less time criticizing Washington and more time working to fix problems here in New Jersey:

Senate Republican Leader Tom Kean called on Senate Democrats to stop working for headlines and start working for New Jersey. (SenateNJ.com)

“With Senate Democrats so focused on federal affairs in Washington, they’ve ignored work on reforms they have the power to advance in Trenton that could have a real impact on the lives of every New Jerseyan.

“They’ve planned votes to express opposition, but they haven’t planned any votes on cutting property taxes, nor have they planned votes on creating opportunities for students and job seekers, or on ethics reforms that would help to rebuild trust in our government institutions.

“Rather than work for headlines, Senate Democrats should start working for New Jersey.”

Senate Democrats blocked efforts by Senate Republicans to bring the following three bills up for a vote that would address New Jersey’s crisis of affordability and help to rebuild residents’ trust in government.

S-1557 (Beck) – Provides full forfeiture of pension of elected or appointed official convicted of any crime touching office.
S-1888 (Doherty) – Establishes State Transportation Cost Analysis Task Force.
S-2554 (Kyrillos) – Sets level for health care benefits; requires employee contributions; prohibits reimbursement of Medicare Part B; adds member to SHBP/SEHBP plan design committees; requires retirees to purchase health care through exchanges.

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SHOCK : Some N.J. Republicans think revenue from gas tax increase should only pay for roads

garber_square_roadwork_theridgewoodblog

file photo by Boyd Loving

By MATT FRIEDMAN

01/19/17 05:39 AM EST

Some Republicans who opposed the deal to replenish the Transportation Trust Fund have a rallying cry after losing that fight: The new money should only be spent on roads.

Lt. Gov. Kim Guadagno, kicking off her campaign for governor on Tuesday, implied as much in her speech. She criticized the new $16 billion deal, which includes $12 billion in borrowing over eight years and a 23-cent per gallon increase in the gas tax, saying the state “cannot afford to borrow billions of dollars to build a new rail line when our roads and our bridges are crumbling.”

http://www.politico.com/states/new-jersey/story/2017/01/some-nj-republicans-think-gas-tax-increase-should-only-pay-for-roads-108832?utm_campaign=Observer_NJ_Politics&utm_content=New%20Campaign&utm_source=Sailthru&utm_medium=email&utm_term=New%20Jersey%20Politics

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NJ Taxpayers Get Played for Fools Again

Steve-Sweeney-Atlantic-City-finances

NJ gas tax could be used to prop up public pension system

By Michael Symons December 8, 2016 6:39 PM

In a roundabout way, revenues from the increased gas tax might help shore up New Jersey’s beleaguered pension funds.

A proposed bill, S2842/A4388, would enable the Transportation Trust Fund to borrow directly from the pension funds, rather than sell bonds to investors. There would be no cap to how much could be borrowed. The pension funds are typically limited to buying 10 percent of any single bond sale.

Senate President Stephen Sweeney, D-Gloucester, said the pension funds would benefit from earning a higher interest rate than they do buying U.S. Treasury bonds. And the TTF would avoid paying the fees normally associated with a bond sale, Sweeney said.

“Why are we giving fees to Wall Street? Why are we letting other people make interest off of us when we have a pension fund that is woefully underfunded?” Sweeney said.

Sweeney estimated the impact by talking about a hypothetical $1.2 billion in borrowing by the TTF, which he said would cost the TTF $60 million in interest, at an interest rate of 5 percent, and $6 million in underwriting fees to Wall Street.

“The money is there. This is a safe bet. This is not a risk. We don’t want to risk people’s pension funds,” Sweeney said. “Why pay someone else 5 percent when we could pay ourselves?”

The bill wouldn’t require the pension funds to invest in TTF and New Jersey Infrastructure Bank bonds, but it would lift the limits on what the State Investment Council could choose to do. Other types of state debt, such as for school construction, would not be included.

Read More: NJ gas tax could be used to prop up public pension system | http://nj1015.com/nj-gas-tax-could-could-be-used-to-prop-up-public-pension-system/?trackback=tsmclip

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Say Good-bye to Cheap Gas , Say Good-bye to one of the last Reasons to Live in New Jersey

Sweeney & Prieto

November 1,2016

the staff of the Ridgewood blog

Ridgewood NJ, The nation’s second-lowest gas tax ended officially at 12:01 a.m. on Tuesday, Nov. 1, and was replaced by one of the highest per-gallon rates in the nation , The .23 cent increase gives New Jersey now 37.5 cents-per-gallon.

While the party line from Trenton is that money will be used to refill the depleted TTF or Transportation Trust Fund providing the money New Jersey bridges and roads need for a massive investment .

A few things to keep in mind when you pay up at the pump;

The average cost of road repair in the US is $39,000 per mile but in NJ it’s $2 million a mile; New Jersey spends eight times the national average on its state-controlled highways.

The Reason Foundation says New Jersey spends just over $2 million per state-controlled mile on construction, maintenance and administration, triple the roughly $675,000 spent by the next-highest state, Massachusetts, and more than eight times the national average of $39,000. I call it “out of control” spending.

The state DOT disputes that number. But with reports the reconstruction of Route 35 were more than $27 million per mile, it’s clear our costs are out of control.

The state of New Jersey funds highway, bridge, and rail projects through its Transportation Trust Fund, which relies on borrowing and gas tax revenue to contribute $1.225 billion to the state’s overall $1.6 billion construction budget this year. Can anyone say “Ponzi Scheme” ?

Why the deficit and lack of funds? Is it because the corruption in Trenton has already used these allocated tax monies to offset other programs, loans, or deficits. Bad deals are made by politicians looking to get elected, guaranteeing political donations from unions, keeping project labor agreements and prevailing wages artificially inflating the costs of road work.

By some accounts, New Jersey spends the 3rd most of any state on transportation funding.

So as we say good bye to cheap gas perhaps you are also saying good bye to one of the last reasons left  for living in New Jersey .Let’s face it New Jersey is last in almost everything and being the worst place to live is also even getting more expensive.