Lawmaker Criticizes Christie’s Plan To Refinance Transportation Trust Fund Debt

NJTODAY.NET's online business directory

Assemblyman John Wisniewski

TRENTON – Democrat John S. Wisniewski, chairman of the Assembly Transportation, Public Works and Independent Authorities Committee, criticized Republican Gov. Chris Christie’s plan to keep the state’s Transportation Trust Fund solvent for another year by refinancing its debt.

“We have to face reality,” Wisniewski said. “When it comes to our transportation infrastructure, there are no silver bullets.”

[smartads]

According to a report, Christie believes $800 million can be raised to fund transportation projects in the next budget year by refinancing the fund’s current long-term debt. The governor has not shown support for other proposals to keep the fund from going broke, such as an increase in the state’s gasoline tax.

“New Jersey is a corridor state and our transportation infrastructure is our lifeblood.  We need to seriously debate all of the funding mechanisms at our disposal if we hope to restore the Transportation Trust Fund to sound fiscal health,” Wisniewski said.

“Anything less would be a disservice to the 5.9 million licensed drivers in the state and an abject failure of Gov. Christie to deliver the ‘bold action’ and ‘new direction’ he has promised us so often since taking office.”


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET