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BIONDI AND COYLE: CORZINE'S MONETIZATION PLAN WAS WRONG LAST YEAR, IT'S WRONG THIS YEAR
By scmysakBIONDI AND COYLE: CORZINE'S MONETIZATION PLAN WAS WRONG LAST YEAR, IT'S WRONG THIS YEAR
Assemblyman Pete Biondi and Assemblywoman Denise Coyle today called Governor Jon Corzine’s plan to lease the New Jersey Turnpike and raise tolls 800 percent “unfathomable” after residents overwhelmingly rejected the proposal last year.
“Anytime Governor Corzine says he’s considering a tax or toll hike, you can be sure he will do his best to make it happen,” said Biondi, R-Somerset and Morris. “What I would like to know is how long he’s been working on revising his original scheme. He should be using his time and efforts to develop a viable plan to make our state affordable for our residents. Instead, he dishes out rehashed, fast-food solutions that only increase the fiscal burden on our middle class.”
Corzine said in a New York Times article yesterday his first plan to pay down debt by selling the New Jersey Turnpike, which would have resulted in massive toll increases, an idea that was at the time “too big, too fast, at the wrong time.” Yesterday, he said, “This idea worked. So maybe we just need to scale it back.”
“It was wrong last year, it’s still wrong this year,” stated Coyle, R-Somerset and Morris. “In fact, such a proposal would be even more devastating on our economy and on our residents today as our fiscal problems continue to mount. The state continues to shed jobs and people, foreclosures are up 44 percent last quarter alone, and homeowners continue to pay the highest property taxes in the nation.
“Governor Corzine’s insensitivity to the plight of our overtaxed, struggling middle class families is alarming,” she continued. “They need a government that is responsive to their needs, not one that constantly adds to their fiscal burden.”
“Now we know why Goldman Sacks cut Mr. Corzine loose,” added Biondi. “He failed on Wall Street and now he’s failed on State Street. It’s time he stopped blaming the state’s fiscal crisis on everyone and everything other than himself and his party’s self-serving policies.”
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