Legislation will support transportation projects statewide, invest billions of dollars in local and state infrastructure
(TRENTON) – Assembly Democratic lawmakers applauded Governor Murphy’s signing today of Bill A4011, which reauthorizes the Transportation Trust Fund through June 30, 2029. The bill will create good-paying union jobs as work gets underway to maintain and improve New Jersey’s infrastructure.
Here is what Speaker Craig J. Coughlin and bill sponsors Clinton Calabrese, Benjie E. Wimberly, Yvonne Lopez, and Garnet Hall said:
“The reauthorization of the Transportation Trust Fund will create thousands of good paying, union jobs, and ensure that our transportation infrastructure is safe, modern, and efficient,” said Speaker Coughlin (D-Middlesex). “New Jersey’s transportation infrastructure is the lifeblood of an entire economy from daily commuters traveling to job centers to students traveling to businesses bringing their goods to market. Every resident and business are the beneficiary of these investments. The TTF also provides real property tax relief. County and local governments won’t need to raise taxes to pay for necessary transportation projects and improvements, since the state will continue to provide over $400 million annually in funding to cover those costs.”
“By extending the Transportation Trust Fund, we are ensuring that vital infrastructure projects that drive our economy and enhance the lives of our residents can move forward,” said Assemblyman Calabrese (D-Bergen, Passaic). “Investments made in our transportation sector have a significant economic impact, including the creation of more than 20,000 jobs annually. Capital projects demand long-term planning and funding certainty and the renewal of the TTF means these projects can move forward without delay.”
“By reauthorizing the Transportation Trust Fund, we are investing in necessary infrastructure projects along with the long-term economic success of our state,” said Assemblyman Wimberly (D-Bergen, Passaic). “This legislation will create thousands of new jobs – boosting our economy and helping to ensure that our state remains competitive. Communities all across our state will benefit from our investment in transportation, which will keep our bridges and roads safe.”
“An investment in our infrastructure is an investment in the future of our state,” said Assemblywoman Lopez (D-Middlesex). “By reauthorizing the Transportation Trust Fund, we are securing our best-in-class transportation network, ensuring the completion of our most pressing capital projects, and generating thousands of jobs for our hardworking members in labor. The many industries and businesses that call New Jersey home depend on our roadways and bridges to be in good order and through this reauthorization we are supporting our economy and our residents for generations to come.”
“We have a responsibility to the residents of New Jersey to make sure our roads, bridges and tunnels are structurally sound,” said Assemblywoman Hall (D-Essex, Union). “Reauthorizing the TTF will enable us to fund projects that uphold that important commitment, while creating thousands of new jobs.”