NJ Transportation Trust Fund Resource Center
A comprehensive and well-maintained infrastructure–roads, bridges, tunnels, and mass transit–are vital to the regional economy. New Jersey’s Transportation Trust Fund, which finances many of these infrastructure projects, is in poor financial shape and heading towards bankruptcy. Unless something is done, the Transportation Trust Fund (TTF) will run dry and our state’s infrastructure will deteriorate faster than we can fix or improve it.
This collection of articles from experts in the transportation field, reporters, elected officials, and more, provides a good background on the general state of NJ’s infrastructure and Transportation Trust Fund–its history, its current state, and possible ways forward.
May 1, 2014
“While the state should be able to pay for highway projects planned for the upcoming fiscal year, the state transportation commissioner said he was looking down the road at a $620 million shortfall in the department’s capital budget for fiscal 2016.
‘We’re going to need about $620 million, either financed or cash, to get through the ’16 program,’ Commissioner James Simpson told lawmakers today. ’We’ve got $620 million that we need to come up with.’”
May 11, 2014
"Two-thirds of New Jersey’s roads are of poor or mediocre quality and 36 percent of the state’s bridges are either structurally deficient or functionally obsolete, according to the American Society of Civil Engineers, which estimates that the average New Jersey driver pays $601 per year in added repair costs."
Written by Gordon MacInnes, president of New Jersey Policy Perspective
May 19, 2014
"New Jersey is one of ten states where the gas tax has reached an all-time historical low, according to an analysis by the Institute on Taxation and Economic Policy."
April 20, 2014
"One major hurdle to restoring NJ's economy is the state of NJ's transportation infrastructure! It's old, overburdened with traffic of the two metropolitan areas (NY/Philadelphia), and further damaged by recent catastrophic weather events. Time is lost in long commutes, deliveries/pickups at NJ ports, and other businesses."
April 10, 2014
“New Jersey’s transportation infrastructure and the financial mechanisms that are supposed to support it have never been in worse shape. The Transportation Trust Fund has run dry, starved of revenue for close to 20 years. Our roads and bridges are crumbling, with 66 percent of roads in ‘poor or mediocre condition’ and more than one-third of bridges considered ‘structurally deficient’ or ‘functionally obsolete’ according to the American Society of Civil Engineers.”
September 13, 2013
“The New Jersey Transportation Trust Fund is how the state raises money to finance highway, bridge, and mass-transit construction projects that often take years to complete and span multiple budgets, and for state aid to counties and municipalities for their transportation capital projects. Created under Gov. Thomas Kean in 1984, the TTF was supposed to combine dedicated tax and fee receipts with bond issues, thus ensuring a stable and predictable source of funding. Over the past several years, however, an almost total reliance on bonding and borrowing for transportation projects has exacerbated New Jersey’s state tax-supported debt burden, which was already among the heaviest in the nation.”