WHAT WILL BE THE FATE OF GOVERNOR CORZINE’S TOLL HIKE PLAN?

Governor Corzine’s proposal to raise tolls by 50% every four years between 2010 and 2022 has attracted much debate and drawn a lot of ire, both from within and outside the real estate community. As the governor travels the state, trying to persuade his constituents to accept the plan, we asked our readers if they thought the plan had a chance of passing. Most respondents (50%) said no, there’s no way it’ll pass. A third believe it will pass with modifications. A mere 17% expect it to pass as is. George Martin, vice-chairman of Studley in Iselin believes the measure will pass, but that more needs to be done to solve the state’s fiscal problems. He shares his thoughts below:

“Yes, the plan will pass. It will be modified somewhat, but it will pass. Unfortunately, it doesn’t deal with the fundamental issue. This is just more fodder for those in Trenton who want to keep spending.

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