Governor’s Proposal to Refinance TTF Debt Utilizes Same One-Time Gimmicks He Railed Against
(TRENTON) — Assembly Transportation, Public Works and Independent Authorities Chairman John S. Wisniewski issued the following statement Wednesday in response to a report that Gov. Christie plans to refinance New Jersey’s Transportation Trust Fund’s (TTF) debt to breathe one more year of life into the program:
“This is what happens when you paint yourself into a corner with slick-sounding rhetoric: you wind up with no choice but to use the same failed policies that put us into the mess we’re currently in to kick the can down the road a year in the hopes that by then some sort of funding miracle will have materialized to solve all of our financial problems.
“We have to face reality. When it comes to our transportation infrastructure, there are no silver bullets.
“New Jersey is a corridor state and our transportation infrastructure is our lifeblood. We need to seriously debate all of the funding mechanisms at our disposal if we hope to restore the Transportation Trust Fund to sound fiscal health.
“Anything less would be a disservice to the 5.9 million licensed drivers in the state and an abject failure of Gov. Christie to deliver the ‘bold action’ and ‘new direction’ he has promised us so often since taking office.”
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