TTF crisis hurts more than roads and bridges
Editors note : once again another editorial that failed to address :
1- what happened to the presidents stimulus money ?
2- where has the TTF money been spent?
3- why does road work cost so much in New Jersey
4- why haven’t we audited the TTF ?
5- we already have enormous revenues from tolls and taxes how is it being spent?
answer any of these questions and you may get some public support for “solutions”June 28, 2015We were disappointed to learn earlier this month that, despite overwhelming opposition from riders and public officials, NJ Transit will be proceeding with the planned fare hikes and service cuts it proposed earlier this year.The action is unavoidable, says NJ Transit, because the agency has a $56 million budget gap; to close it, fares will jump 9 percent, on average, and rail and bus routes will be cut back.This is bad news for commuters, no doubt about it, but it’s bad news for business owners, too. Earlier this month, NJ.com published a report on the median property values along NJ Transit rail lines, and unsurprisingly, people are willing to pay quite a price to live near access to employment hubs such as Newark, Morristown, New Brunswick, Princeton and others. That gives companies incentive to locate in these areas, which gives developers incentive to make investments in these towns, which in turn brings more businesses — especially smaller ones — and powers downtown revitalization. Towns such as Summit and Montclair would be a much tougher sell for commuters if they lacked reliable rail transportation.This is just another example of New Jersey’s poor transportation planning coming home to roost. The depleted Transportation Trust Fund, starved by an insufficient gas tax, has made major rail investment an afterthought. Raising fares is only going to push more cars on the road at rush hour, exacerbating what many consider to be the Garden State’s worst problem, and will harm investment in rail towns by developers and businesses. No one likes a tax hike, but a small increase in the gas tax is preferable to another big transit fare hike. It would be nice if legislators wised up and ensured this is the last increase for the foreseeable future.
Part of the reason we’re here is poor policy. No public transit agency is going to break even, much less turn a profit, but NJ Transit has often been a victim of not getting what it needs from the state, combined with its own share of dunderheaded decisions, such as rail car storage during Sandy. The state must take a hard look at the impact rail service has on municipalities when it thinks about funding infrastructure upgrades or new station construction. And that goes for bus and light rail projects, too — the tremendous impact of the Hudson-Bergen light rail line on property values was long ago demonstrated. Given that the only new jobs being talked about in New Jersey are at casinos or megamalls, professionals are likely to need reliable access to New York to find the work they want — and they’re paying for that privilege.
https://www.njbiz.com/article/20150628/NJBIZ01/306299994/editorial-ttf-crisis-hurts-more-than-roads-and-bridges
Over the years, we have read how the traditional organized crime families in the Tri-State area have faded. While this is true, I have my own theory on why. Yes, the RICO laws played a big part, but I also tend to think that these guys no longer needed to resort to violence and drugs to make money. More money can be made in politics and its broader aspects of skimming money off these various black holes.
The depleted Transportation Trust Fund is because it is starved by an insufficient gas tax? Are you serious? That is failed logic. Its starved because it has systematically overpaid for state roads to the tune of $2 million per mile, 3X the next highest state (MA at $670K/mile) and 12X the national average per mile. This is due to various forms of graft, corruption, “slippage” and everyone getting their “taste” in NJ. Raising gasoline taxes 1c more is too much until the state road work is contracted out to private bidders willing to do the job at 1/3 the price of NJ union labor. Sarlo doesn’t want this because he’s on Sanzari’s payroll. Sweeney doesn’t want this because of his ties to the iron workers union. Stop lying about why this fund has run up $17 BILLION, with a B in debt. It’s because it’s run by corrupt, greedy thugs.
Great questions above in bold… we never get answers to these questions… all we get is $17bn in TTF debt rung up at taxpayer expense with no oversight.