Gas Tax increase, Transportation fund = NJ Transit growth?Th

[CJPat]

Question 2 is counter intuitive. You would think a guaranteed Transportation fund would be a good thing, but they are using it to cover unchecked spending. Bottom Line is Trenton wants you to vote yes to Question 2 because it locks in the gas tax money collected and gives them guaranteed collateral in which to borrow $12 Billion dollars without having to go to Public Vote. By bypassing the public approval of large loans, it allows Trenton to spend the money unchecked. The $12 Billion can only be borrowed if Question 2 gets approved but can be spent on anything without voter approval. Not like when we used to approve transportation bonds. It is not expected to be paid off until approx 2046.