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Re: Budget Gimmicks tapped out, Chrisco turns to borrowing to fund NJ Transportation

Posted by WillD on Thu May 31 00:35:47 2012, in response to Re: Budget Gimmicks tapped out, Chrisco turns to borrowing to fund NJ Transportation, posted by J trainloco on Wed May 30 17:58:12 2012.

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Anyone who wasn't caught up in the Christie hype could've called this.

Yeah, but somewhere around here I have a post where I said we'd have this, only to have it pooh poohed by those who were caught up in the Chrisco hype. Odd how they're suddenly silent on this matter.

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

AMAZING! Can we get you an office in Trenton? There will be a few wide open when the corruption charges finally catches up with this administration.

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.

Haha, funny joke. Chrisco doesn't have to do shit. He just has to kick the can another four or so years down the road so its his replacement's problem. By then he'll probably have secured himself a position elsewhere in the GOP like a good hack should receive.

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).

Where do you think that tax break for the state's billionaires came from? Fine, the funds didn't come directly from one to the other, but it's certainly awful convenient. That, or else maybe NY asked for their money back.

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