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Transportation: Tax Dollars at Work?

Sean Ryan is associate editor of Real Estate New Jersey, from which this article is excerpted. The good news: Gov. Corzine's new transit legislation will give the state $8 billion over the next five years, through the nearly-bankrupt Transportation Trust Fund. The bad news: it'll cost $30 billion to get that $8 billion.…

By Sean Ryan | Updated on May 23, 2006

Sean Ryan is associate editor of Real Estate New Jersey, from which this article is excerpted.

The good news: Gov. Corzine’s new transit legislation will give the state $8 billion over the next five years, through the nearly-bankrupt Transportation Trust Fund. The bad news: it’ll cost $30 billion to get that $8 billion.

The $30 billion is over the next 30 years, so there’s time to figure out a way to scrounge up an extra $30 billion without anyone feeling a pinch. Plus, if Corzine hadn’t found a way to pony up the state’s requirement to the TTF, New Jersey could have lost its access to that $8 billion.

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