Assembly Speaker Vincent Prieto (D-Bergen/Hudson) on Friday released the following statement on the agreement that has been reached to replenish New Jersey’s Transportation Trust Fund (TTF):
“While it took us some time to get here, in the end everyone worked together and compromised to create a plan we could all coalesce behind – one that puts safety first, puts residents back to work and provides broad-based tax cuts for all New Jersey residents.
“This $16 billion investment over the next eight years – the largest in TTF history – is an investment in both our economy and public safety. A healthy and stable transportation network is vital to the flow of goods and services, vital to commuters trying to get to work, vital to first responders dealing with emergencies and vital to school buses trying to bring kids to school.
“From day one, I have focused on trying to bring everyone to the middle so we could get something accomplished. I’m glad this day has finally arrived and that it brings with it long-term transportation funding and much-needed tax relief,” said Prieto.