Transportation Trust Fund Running on Empty
Just as New Jersey's Transportation Trust Fund is set to expire we see an increasing number of bridges closed as a result of safety concerns. Unless the State finds a long-term revenue solution to provide funding for infrastructure repair we can expect the deterioration of our roadways to continue at an accelerating pace. To compound the problem we are entering the time of the year when potholes will begin to proliferate as winter gives way to warmer weather. The freezing and thawing of water on our roadways created monumental potholes last year. Without the necessary funding those potholes will go largely unrepaired. It's a good time to be in the tire business.
While I agree that stable funding is needed I can't help but wonder if these bridge closings are intended to create a sense of urgency in advance of an increase in the gasoline tax.
Shah & Associates, P.C.
Shah & Associates, P.C. is a boutique law firm in Monroe that assists clients with various legal matters relating to Business Planning, Tax Planning and Estate Planning. Some of the firm’s main practice areas are elder law, Medicaid Planning, Veterans Benefits Planning, and Special Needs Planning.
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