By Michael Symons November 2, 2016 7:21 PM
Over the last seven years, more than $99 of every $100 spent on transportation projects by the state Department of Transportation and NJ Transit has been borrowed.
From 2010 to 2016, less than $76 million out of almost $9.4 billion in cash outlays have been from current revenues, according to the Transportation Trust Fund Authority.
The rest has come from borrowing that has contributing to nearly $16 billion in debt. Yearly payments on that debt will be around $1.3 billion through 2029, then more than $1 billion annually for a dozen years after that.
Read More: Half of NJ’s new gas tax is being used to pay back old debt. Can state curb that trend? | https://nj1015.com/half-of-njs-new-gas-tax-is-being-used-to-pay-back-old-debt-can-state-curb-that-trend/?utm_campaign=Observer_NJ_Politics&utm_content=New%20Campaign&utm_source=Sailthru&utm_medium=email&utm_term=New%20Jersey%20Politics&trackback=tsmclip
I received a flyer asking to vote yes.
It was sent by the construction unions
So that is a good reason to vote no
Doherty and Guadagno are not in favor.