TRENTON – Senate President Stephen Sweeney and Assembly Speaker Vincent Prieto today announced that they have reached agreement on a new plan to fund the Transportation Trust Fund and enact a series of tax cuts designed to make New Jersey more competitive.
“We have an agreement on a plan that is needed to address the state’s critical transportation needs at the same time it provides targeted tax savings for retirees, the working poor and middle class families,” said Senator Sweeney (D-Salem/Cumberland/Gloucester). “This is a bipartisan plan that supports a $2 billion a year Transportation Trust Fund and provides affordable tax cuts that will allow us to meet the state’s pension obligations without creating a fiscal crisis. This is an investment plan that will create jobs and support immediate and long-term economic growth.”
TRENTON – Gov. Chris Christie is offering New Jersey’s Senate president a counteroffer to fund transportation projects.
Spokesmen for Christie and Democrat Steve Sweeney tell NJ.com the Republican responded on Thursday afternoon and Sweeney is reviewing it. Neither side is offering details about what tax cuts would accompany an additional 23-cent-a-gallon increase in the state’s gasoline tax.
Earlier this month, Sweeney slammed the brakes on a late-night deal brokered between Christie and Democratic Assembly Speaker Vincent Prieto to gradually return the sales tax from seven to six percent.
TRENTON — Gov. Chris Christie made a new offer on a deal to replenish the state’s Transportation Trust Fund — now on fumes — to Senate President Stephen Sweeney, potentially renewing negotiations over the crucial fund before Democratic leaders meet in Philadelphia for the party’s national convention next week.
Christie’s office delivered the offer Thursday afternoon shortly after Sweeney told reporters he was still waiting for a promised counteroffer from the governor after meeting with him to discuss the fund, which is the chief mechanism for financing highway and bridge repairs and mass transit improvements.