Official: New Jersey Will Soon Deplete Road Funds
There are rough roads ahead for New Jersey, according to the state's top transportation official.
📅 Thu April 02, 2015 - Northeast Edition
The local Philadelphia NBC affiliate is reporting that New Jersey’s top transportation official says the fund that pays for roads and bridges will be broke after the next fiscal year.
Transportation Commissioner Jamie Fox said Thursday at a Senate Budget Committee hearing New Jersey’s transportation trust fund has enough money for fiscal year 2016, but will run out beyond that.
Fox, New Jersey Transit Executive Director Veronique Hakim and Motor Vehicle Commission Administrator Raymond Martinez are testifying Thursday on Gov. Chris Christie’s 2016 budget proposal.
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