Mobilizing the Region

Issue 227 July 2, 1999


Low-Profile NJ Trust Fund Re-up ?

Analysts believe the NJ legislature's transformation of a $250 million state bridge repair bond act into general funding for NJDOT (see last week's edition) - if approved by voters this fall - may enable state government to make it through the 2000 election cycle without raising additional revenue for transportation capital spending.

NJ's Transportation Trust Fund will still need legislative reauthorization in 2000. Policy reformers believe that, detached from any revenue issues, reauthorization will be a relatively low-profile affair that could offer a strong opportunity to attach qualitative policy goals to state transportation spending.

Transportation reform advocates have argued for inclusion of binding investment targets in the Trust Fund legislation since 1995.


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