3/27/06-Gov. Jon Corzine approved an $8 billion plan March 23 to keep New Jersey’s nearly bankrupt trust fund that pays for transportation up and running for another five years. It doesn’t allow for any increases in the state’s fuel taxes.
Senators voted 25-13 March 20 to send the measure to the Democratic governor. Assembly lawmakers approved it on a 48-28 vote March 16.
The new law, previously A2813, restructures some of the fund’s debt and clears the way for additional borrowing to finance up to $1.6 billion annually for road and rail projects. Currently, the fund gets $650 million.

3/22/06-The Senate approved a bill Monday, March 20, that would keep the state’s near-bankrupt trust fund that pays for transportation up and running for another five years. It doesn’t allot for any increases in the state’s fuel taxes.
Senators voted 25-13 to send the measure to Gov. Jon Corzine, who initiated the proposal. Assembly lawmakers approved it on a 48-28 vote March 16.
Once signed into law, A2813 would restructure some of the fund’s debt and clear the way for additional borrowing to finance up to $1.6 billion annually for transportation projects. Currently, the fund gets $650 million.
For bill status, call (609) 292-4840. In New Jersey, call 1-800-792-8630.