Recently Governor Christie announced his solution to replenish the dwindling Transportation Trust Fund (TTF), which is projected to be insolvent by June 2011.
That solution — refinancing the fund to generate up to $800 million will cover costs for one more year. This quick fix does not solve New Jersey's transportation problem, but pushes it off until next year.
AAA Clubs of New Jersey represent more than two million motorists on New Jersey's roadways, which continue to fall further into disrepair because the TTF continues to fall short. As advocates for New Jersey motorists, AAA believes that the only long-term solution to this problem is a stable, sustainable funding source. It is our hope that this year's refinancing is merely an interim measure to allow for a serious conversation between the Governor, the Legislature and the public about how we can best achieve that.