Momentum may finally be building in the State House for establishing a dedicated source of revenue to support New Jersey Transit’s bus and rail operations on a permanent basis — a development long sought by transportation advocates.
Kate Slevin, vice president of state programs and advocacy for the Regional Plan Association, rattled off a number of potential sources of dedicated revenue. Moving the state sales tax back to 7% and making permanent a tax surcharge on business income that is due to sunset on Jan. 1 were among the options she discussed.
“The Legislature and governor must identify new, dedicated sources of funds that NJ Transit can count on for the long term,” she said.
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