JCGUY wrote:Well then, I guess NJ will just have to wait until two branches of the federal government see fit to devote what amounts to an enormous amount of the federal DOT budget to one rail project.
I get that NJ doesn't see much direct income tax from NY commuters, but it's not as if when person X can't get to work in NY from Short Hills, he just gets an equivalent job in NJ. Rather, he probably likes keeping his job, so he'll moves out of NJ. That guy is (or was) paying NJ income tax on investment income, paying sky high property taxes, paying NJ sales tax on everything he buys, etc. The notion that NJ is disadvantaged by having a ton of people commute from NJ to NYC every day is not unusual, but I think utterly misplaced. NJ wouldn't thrive without commuters into NY, rather it would be more likely to out and out collapse without that professional base.
Exactly. I live in NJ so I am very familiar with the challenge of this state. This is a relatively small state by population, sandwiched between two bigger states, NY and PA. I understand that NJ has the one of the highest percentage of NJ residents who work and pay taxes in other states. This probably one of the reasons for chronic financial issues that the state faces and its lowest bond ratings. It absolutely can't take up all the debt to fully finance the Gateway. But I think it should come up with its own share of the needed amount soon.
It is absolutely wrong to say that NJ has no incentive to finance Gateway. Yes, people who work in NYC don't pay most of the NJ income tax. But then they don't qualify for a lot of state's services, such as unemployment. But commuters to NY do pay local property taxes, sales taxes, gas taxes. And it is not like if the tunnels fail, they will be able to just get similar job in NJ. There aren't that many extra, decently paying jobs available in NJ. Instead, they will probably have to move away from NJ or remain unemployed. There will be a huge disruption of the whole tri state economy and huge increase in choking traffic. Even people who drive to work and don't use NJT will suffer greatly:
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