New Jersey State Senate President Steve Sweeney
TRENTON, NJ—New Jersey State Senate President Steve Sweeney has proposed a plan to divert $500 million from three funding sources to bolster the finances of the embattled NJ TRANSIT agency.
On Friday, Sen. Sweeney proposed to tap a total of $500 million from the state Corporation Business Tax, the New Jersey Turnpike and the Clean Energy Fund for the NJ TRANSIT operating budget.
"The absence of consistent funding for NJ TRANSIT operations has undermined its ability to provide safe and reliable service," said Senator Sweeney. "Dedicated funding will help prevent the diversion of resources needed to improve basic services so the agency can bring an end to the breakdowns, delays and service failures that have plagued the system far too long."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
