State political leaders sat opposite business leaders this morning over breakfast to discuss some of the state economy's most pressing issues. Number one, according to the Chamber's president — a lack of funding for the Transportation Trust Fund. The fund pays to maintain our roads and bridges, and it's running out of gas.
Speaking Tuesday morning in Monroe at a breakfast event held by the New Jersey Chamber of Commerce, NJ Transit Executive Director Veronique “Ronnie” Hakim said $1.27 billion in federal Superstorm Sandy recovery funding awarded to the agency earlier this month will be put to good use.
Through several slated projects, the money will be used to harden signals, strengthen infrastructure along the heavily used Northeast Corridor and prepare the agency for the next big storm.
NJ Forward includes gas tax increase as one funding option, urges merger of transportation agencies and more public-private partnerships
With New Jersey’s Transportation Trust Fund running on empty after years of overborrowing, a blue-ribbon coalition has banded together to push for a stable source of funding for transportation projects, consolidation of the state’s five transportation agencies and authorities, and increased reliance on public-private partnerships to finance major initiatives.
They assembled early at the State House, about 30 business leaders upset at the Democrats' call for tax hikes to balance the budget.
"We've had enough. The business community has had enough anti-business legislation," said New Jersey Chamber of Commerce President and CEO Thomas Bracken.
A large coalition of business groups, trade organizations and state legislators took to the Statehouse steps Tuesday in opposition to a budget proposal put forth by Senate and Assembly Democrats that would raise taxes on millionaires and businesses.
We have a short-term budget problem in New Jersey but a much more serious long-term fiscal problem. We can debate solutions to both, but there is only one solution that has received unanimous support for bringing New Jersey back to economic health.
The unquestioned solution is job growth.
Richard S. Mroz, president of the state Board of Public Utilities since 2014, discussed New Jersey's Energy Master Plan and… Read More