A Pattern of Failure: As Debt Grows, Political Resolve and Gas Tax Shrink

by Zoe Baldwin

As we’ve written about extensively, New Jersey’s Transportation Trust Fund is soon expected to collapse after decades of irresponsible borrowing and bonding. The first article in our series, A Pattern of Failure, detailed the inability of the New Jersey Turnpike Authority and state legislators to raise tolls on the Garden State Parkway and NJ Turnpike [...]

December 14th, 2007 | Category: A Pattern of Failure, NJ Turnpike Authority, NJDOT, New Jersey, Transportation Funding | 2 comments

A Pattern of Failure: NJTA's Debt Spiral Driven By Fearful Politics, Financial Shell Games

by Zoe Baldwin

“What experience and history teach is this — that people and governments never have learned anything from history.”

- George Wilhelm Hegel, German philosopher.

 

With the 2011 collapse of New Jersey’s Transportation Trust Fund (see MTR #556) and Governor Corzine’s secret “asset monetization” of the Garden State Parkway and NJ Turnpike menacing the [...]

November 30th, 2007 | Category: A Pattern of Failure, NJ Turnpike Authority, New Jersey, Transportation Funding | 5 comments