TRENTON – Senate President Richard J. Codey released the following statement today on Governor Jon Corzine’s plan to “reform, replenish and grow” New Jersey’s Transportation Trust Fund (TTF):
“Governor Corzine has put forth a well thought out plan to address one of our biggest budget woes. There’s no denying that our Transportation Trust Fund is on the brink of extinction, but we also need to take into account how other solutions would impact our hard-working residents. The Governor’s proposal addresses many crucial elements – funding capital improvements, creating a dedicated revenue source, rehabilitating our infrastructure and increasing aid to municipalities.
There’s a reason Jon Corzine was one of the most successful men on Wall Street – because he has the financial acumen to navigate tough waters. He is facing many difficult decisions, ones we’re going to have to work together to resolve. This plan will help us continue funding critical road repairs, highway expansions and mass transportation while we work towards, as the Governor said, the ‘ultimate fix.’ I trust and support him on this decision, knowing this is not the end of the road, but the start of a new one.”