|Assembly Transportation and Independent Authorities|
Democratic Research Aide: Jillian Dempsey
Group - C
Prieto & Sweeney Announce Agreement on Plan for Renewed Transportation Trust FundSenate President Stephen Sweeney and Assembly Speaker Vincent Prieto on Friday announced that they have reached agreement on a new plan to fund the Transportation Trust Fund and enact a series of tax cuts designed to make New Jersey more competitive.
"The Assembly acted to fund transportation, but this stalemate cannot continue," said Prieto (D-Hudson/Bergen). "As I've been saying for more than two years, New Jersey needs a viable Transportation Trust Fund or we risk economic disaster. With efforts to negotiate a compromise with the governor stalled, I'm pleased to reach this new compromise that will provide much-needed investment in our state's infrastructure and tax relief. I will now look for a firm commitment of strong support from Assembly Republicans to keep our roads and bridges safe and workers on the job. This is too important for our economy. We must get this done for the benefit of our state's future..."