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| Re: Budget Gimmicks tapped out, Chrisco turns to borrowing to fund NJ Transportation (1159418) | |||
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Re: Budget Gimmicks tapped out, Chrisco turns to borrowing to fund NJ Transportation |
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Posted by J trainloco on Wed May 30 17:58:12 2012, in response to Budget Gimmicks tapped out, Chrisco turns to borrowing to fund NJ Transportation, posted by WillD on Wed May 30 03:13:32 2012. "Oh,and if I may,I do believe I called this one last year,when the idiot canceled ARC and used the funds for highway construction<."/I>Come on now Will. Anyone who wasn't caught up in the Christie hype could've called this. When you take money earmarked for a one-time capital expenditure and appropriate it to take care of recurring maintenance expenses... yeah, you're going to eventually run out of sratch. Christie has to come up with a plan that has long-term viability, meaning that he mut find a soure of income that replenishes the TTF every year, cuz PANYNJ is not going to keep dumping money into the TTF. What's puzzling about this though: the reallocated PANYNJ monies were supposed to last for a few years (to the tune of a couple hundred mil a year). What happened to that? I didn't figure that this issue would come up again for another 5 years; when NJ would likely have a new gov after Christie makes the inevitable leap to the national stage. |
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