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Christie’s TTF Plan Panned in Print

January 11, 2011

Source: Mel Evans/AP

Last Thursday, Governor Christie announced his long-awaited plan to address the state’s all-but-bankrupt Transportation Trust Fund. His plan would replenish the Trust Fund and maintain current funding levels through a combination of reapportioned toll revenue from the Turnpike Authority, contributions from the General Fund, continued borrowing (although at a slower pace), and reliance on the Port Authority of New York and New Jersey to pay for some major capital projects, including the Pulaski Skyway. As the governor was quick to point out, the plan would not raise taxes, although, as expected, it relies substantially on funds that had been dedicated to the ARC tunnel.

Reaction to Christie’s announcement has been decidedly mixed, with many criticizing the plan for continuing the type of borrowing the governor had previously denounced, while others applauded the plan for maintaining investment without raising taxes. (New Jersey Future’s own statement on the plan can be seen here.)

Below is a sampling of media reaction to the plan:

 

 

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