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Alchohlica t1_ixabqsa wrote

Reply to comment by fasda in NJ Turnpike Authority Transforms a Useless $4.4B Project into a Useless $10.7B Project by jimmybot

I think I read somewhere the Fed won’t allow them to move their revenue to the state only allowing it for roads

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jimmybot OP t1_ixaih91 wrote

NJTA doesn't receive Federal funding. In fact, a drop in the bucket when we're talking statewide line items, but NJTA is sending a few hundred million per year to NJTransit. The state is free to do as it pleases with NJTA revenue as long as it is able to make payments on its bonds.

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Alchohlica t1_ixajtj8 wrote

Ah ok, I just remembered them saying they hey could sell bonds to like Arkansas or something for turnpikes

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fasda t1_ixaeyce wrote

Can the TA invest their money in bonds? if they can have NJtransit issue bonds and then we are in business.

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