By now you are most likely aware of the Governor’s plan to increase highway tolls 50 percent in 2010, 2014, 2018 and 2022. The increases would include adjustments to reflect inflation in years tolls weren't hiked. After 2022, tolls would increase every four years until 2085 to also reflect inflation.
While this plan will increase the cost of living for everyone throughout the state, it will not reduce or eliminate New Jersey’s enormous debt load. A portion of the more than $37 billion in debt now on the state’s books will simply be shifted to a poorly defined Public Benefit Corporation. This is not debt reduction, this is simply debt transfer.
We must kill the road tax. Please be assured that I will aggressively oppose any plan that dramatically raises our toll and fails to reduce our debt burden.
I would like to let you know that the Governor will be holding a town hall meeting in Monmouth County to discuss his plan and the Senate Budget and Appropriations Committee will be meeting in Trenton to also start discussing this issue.
*The Senate Budget and Appropriations Committee will meet on Wednesday, January 23 at 3:00 PM in committee room 4 of the State House Annex.
*The Governor will hold his town hall meeting on Monday, February 4 from 7:00-9:00 PM at the Marlboro High School Theatre, 95 North Main St. RSVP: 609-777-2607 or Monmouth.rsvp@gov.state.nj.us
I will continue to keep you posted on this issue, but in the meantime please do not hesitate to contact my office for more information regarding these events.
With best wishes,
Senator Joe Kyrillos
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