transportation trust fund

While the debate continues to swirl around Trenton on how best to fund the state's Transportation Trust Fund (TTF), talk of using a gas tax hike as a revenue raiser is expected to gain momentum this fall once the Assembly returns from its summer vacation.

Conventional wisdom in Trenton is that a gas tax increase to replenish the nearly bankrupt Transportation Trust Fund won't be discussed until after the November elections when all 80 seats in the General Assembly are on the ticket.

As New Jersey lawmakers continue to argue over how best to fund the nearly bankrupt Transportation Trust Fund (TTF), a pool of money used to fix the state's roads and bridges, a new concern has been brought to the table.

New Jersey's Transportation Trust Fund will go bankrupt at the end of this fiscal year at midnight June 30, 2016 unless a new, sustainable, recurring revenue source is identified.

Top lawmakers within the New Jersey Assembly are confident the Legislature can find a solution to to replenish the nearly bankrupt Transportation Trust Fund, but Republicans and Democrats are divided as to when discussions will begin.

There has been more than enough talk about finding a revenue source for New Jersey's soon-to-be bankrupt Transportation Trust Fund, and two transportation and business experts testified Monday that they believe now is the time to get something done.

The Senate Legislative Oversight Committee is scheduled to hold a rare summer hearing Monday morning to discuss transportation issues that continue to snarl the state.

The New Jersey Assembly is not expected to return to Trenton for committee hearings and voting sessions until the fall. The state Senate, however, is not getting a summer break.

As work within much of the New Jersey Legislature slows down this summer, Senate President Steve Sweeney (D-West Deptford) said in Thursday that work will still be done, particularly in the Upper House.

New Jersey's top transportation official said there's a host of reasons why the state is spending more money on its road system than other states spend on their state-controlled road systems.