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Sweeney & Prieto Announce Agreement on Plan for Renewed Transportation Trust Fund

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.” 

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July 22nd, 2016|

Report: Christie makes new offer to end transportation funding stalemate

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.

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July 22nd, 2016|

Christie makes counter offer on Transportation Trust Fund renewal

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.

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July 22nd, 2016|
ForwardNJ Chair Tom Bracken

A Message from ForwardNJ Chair Tom Bracken

An American Road and Transportation Builders Association (ARTBA) study shows that a $2 billion level of highway and bridge construction work in New Jersey would stimulate $4.7 billion in economic input, or a return of over $2.35 for ever $1 spent. Moreover, this level of investment would create an sustain 34,165 jobs throughout the state’s economy, with a total annual pay of $1.4 billion. Click here to learn more.

Click here to learn more about a recent report by Peter Philips, Ph.D., Professor of Economics at the University of Utah that brings to light the challenge of maintaining infrastructure in New Jersey, the most densely populated state in the nation, and how the state’s construction industry is one of the most productive and best-equipped in the country.

Moving New Jersey's Economy Forward

Click here to learn more about the opportunities that come with investing in New Jersey’s transportation system.

ForwardNJ is advocating for a robust, reliable, sustainable and constitutionally-dedicated solution to this problem facing our state.