Christie issues Executive Order to fund transportation projects from the general state fund
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Governor Chris Christie announced this afternoon that he has ordered the State Treasurer to fund transportation projects that are absolutely essential for the protection of the health, safety, and welfare of the people of the State of New Jersey, or that are required to ensure the receipt of federal funding.
The Governor’s announcement comes as the Transportation Trust Fund is on the verge of running out of money. The legislature failed to pass a funding mechanism for the fund by June 30th. Christie subsequently shut down all non-essential projects and those not at risk of losing federal funding.
“No evident progress has been made by the Legislature to pass a single, viable bill to reauthorize the TTFA,” Governor Christie stated. “A well-maintained transportation infrastructure is essential to the operation of New Jersey’s economy and the people who rely upon it in all aspects of their daily lives. The current situation will persist until the Senate and the General Assembly pass an acceptable TTFA funding bill. Until they do so, the State must use money from the General Fund for emergency road, bridge, and mass transportation work.”
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Is it unreasonable to ask the following questions related to the depletion of the transportation fund?
1. What happened to the current $.14 cent gas tax which generates $750 million per year? That is $7.5 billion in the last 10 years and $7.5 billion in the next 10 years.
2. What happened to the $500 million in tolls every year and this year paid by us to the GSP? That is $5 billion in the last 10 years and $5 billion in the next 5 years.
3. What happened to the $1 billion in tolls paid this year and every year to the Turnpike? That is $10 billion in the last 10 years and 10 billion in the next 10 years.
4. Big chunks of local and county property taxes are related to roads.
There is billions being taxed out of us right now. Do we need another $1.5 billion per year to repair the roads or is the $1.5 billion going to be another cash flow to bond and create a huge pot for the CORRUPT DEMOCRAT MACHINE to loot, plunder and direct to their favorite developer buddies?