Nov. 14, 2005 - A new RPA report identifies an action plan to avert an impending transportation catastrophe in New Jersey, including specific revenue sources that should be utilized to raise the billions of dollars needed to support the transportation network each year. The study, entitled
"Reform, Revenue, Results: How to Save New Jersey's Transportation System," notes that the $2.7 billion annual funding gap cannot be closed simply by cutting waste; significant new revenue sources are needed and quick fixes will only make the long-term problem worse. The report prescribes a specific set of revenues to fund transportation operating budgets and lays out a menu of choices for replenishing the Transportation Trust Fund that supports capital spending. The report follows a July study that warned the Fund will run dry on July 1, 2006.