Transportation Trust Fund

"New Jersey Pays Goldman Sachs for Swaps on Nonexistent Bonds"

Headline of a Bloomberg News article Published on Oct. 23

When New York almost went bankrupt, it brought in Felix the Fixer and created Big MAC to sell long term debt and beg for a federal bailout. Governor Corzine's fiscal mismangement may force New Jersey to do the same in the very near future.

Leadership from Governor Corzine, not Wall Street financing schemes, are what's needed to solve our state's transportation funding problem, said Senator Anthony Bucco.

Bucco Asks What this New Highway Borrowing Scheme Is Going to Cost Us

Senator Anthony Bucco, a senior Republican on the Senate Budget and Appropriations Committee, said he was outraged to learn that the latest $750 million borrowing for the New Jersey Transportation Trust Fund proposes that the state not pay one dime in principal on much of the borrowing until 2023.

WISNIEWSKI:  TRANSPORTATION FUNDING DESERVES HONEST OUTLOOK AND COMPREHENSIVE ACTION PLAN

(SAYREVILLE) - Assemblyman John S. Wisniewski, chairman of the Assembly Transportation, Public Works and Independent Authorities Committee, issued the following statement today on the latest round of proposals to let private investors operate some lanes along New Jersey's toll roads:

Calls On Governor to Convene a Special Summer Session to Address Transportation Funding

Senate Republican Leader Tom Kean (R-21) is calling on Governor Jon Corzine to convene a special summer session of the Legislature to address much-needed transportation funding: