For state taxpayers, the news underscores that the more than $1 billion transportation trust fund, which pays for capital projects, is approaching insolvency.
This is not a manufactured controversy. New Jersey’s Transportation Trust Fund is mired in debt, debt that adds to construction costs and that we will leave to our children and grandchildren. We pay for NJ’s roads every time we hit a pothole or sit in traffic.
We understand that it’s difficult to think about this while the state is facing other financial challenges, but this issue is no less important and our infrastructure is tied directly to the growth of the state’s economy. Read the full story here: http://www.cnbc.com/2016/02/26/the-associated-press-new-jersey-out-of-borrowing-capacity-for-road-bridge-work.html