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Credit Pacific Service Union Although Gov. James E. McGreevey rejected a proposed hike in the gasoline tax, he appears to have just postponed making some tough choices: Let the Transportation Trust Fund morph into a debt-service account and indefinitely delay transportation improvements or, big gulp, eventually propose a gas tax increase certain to anger heavily taxed constituents.

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Credit First Service Union The blue-ribbon commission McGreevey appointed to study the issue said the fund will be bankrupt in about 18 months without additional money coming in.

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Card Credit Mobile Service As a recent three-day Courier-Post series showed, McGreevey is in this tight spot because this and the previous Republican administrations have skimmed $335 million from the trust fund. Millions more have been wasted on poorly executed projects.

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Card Credit Discover Service To cover the losses, bonds were issued. Those loans are now due and expected to require nearly all the taxes now committed to the fund.

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Credit Public Service Union Whether McGreevey proposes to raise the tax or miraculously find other funds to pay for transportation projects, state lawmakers must first insulate the fund from bad management and excessive borrowing. That includes ending pay to play, where no-bid transportation projects are awarded to big political donors, which, as the series showed, has cost taxpayers dearly.

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Card Credit Processing Service The blue-ribbon commission made several sound recommendations for improvement. Two that deserve immediate adoption include setting up a financial oversight panel to justify the need and spending for a project. If such a panel already was in place, perhaps taxpayers would not now be saddled with the boondoggle formerly known as the Southern New Jersey Light Rail Transit System.

Center Credit Service Union The panel also pointed out the need to erect a firewall between the fund and general revenue to prevent lawmakers from raiding the trust fund. This year, trust funds will cover more than $90 million in salary for state-employed engineers. About $300 million in state and federal transportation funds will pay for routine maintenance, such as filling in potholes. In the past, the salaries and routine maintenance were paid from the general state budget. They ought to be again.

Card Credit Service Wireless The trust fund was created to build and repair roads, bridges and public transit projects. But the grid-lock on New Jersey's highways is proof enough that lawmakers have squandered the hard-earned money of taxpayers. If McGreevey expects to gain support for continuing the fund, he must insist on strict accountability and spending limits. Taxpayers should get more mileage for their dollars.

Credit Security Service Union Courier-Post - 12/23/2003

Topic: Transportation

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