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New Jersey Road Fund Could Run Out of Money This Summer

New Jersey’s transportation funding system is in disarray, and neither the governor nor state legislators has a plan for how to plug a financing gap that tops $2 billion, administration officials and Assembly members said Wednesday at the first budget hearing of the season

New Jersey’s transportation funding system is in disarray, and neither the governor nor state legislators has a plan for how to plug a financing gap that tops $2 billion, administration officials and Assembly members said Wednesday at the first budget hearing of the season.
 
Fixing the problem will require elected leaders to either borrow more money, slash funding for construction projects, or increase taxes — possibly including the gas tax. Each of those options entails significant political risks.
 
So Gov. Chris Christie and the Democrats who control the legislature demurred, and instead spent Wednesday daring each other to take the first step.
 
“It’s very frustrating,” said Assemblyman John Burzichelli, D – Cumberland. “We aren’t the body that issues the budget recommendation. We are the people who approve the proposal made by the governor.”