Thursday’s debate was largely about funding sources. It is good that the state’s direct subsidy has risen. It is bad that they still need to raid the Clean Energy Fund for $82 million and the Turnpike Authority for $129 million. Weinberg says the Turnpike diversion should be higher – it’s $25 million less than last year – and given that the Turnpike is in fine shape and the railroad is in triage, this is no time to trim back on the diversion.
But worst of all, Murphy is still filching $460 million from the agency’s capital budget to fund operations, a practice that Nat Bottigheimer of Regional Plan Association says is akin to “raiding the college fund to pay for groceries.”
Read more in the Star Ledger.