March 25, 2011
RE: State Posts Proposed Transportation Capital Plan for FY 2012
Yesterday, the State Department of Transportation posted the Proposed Transportation Capital Plan for FY 2012. The document, which lists specific projects and dollar amounts, is available at http://www.state.nj.us/transportation/capital/tcp12/.
We welcome the news that municipalities will again share $78.75 million for local road repair, maintenance and safety projects. The funding represents the Municipal Aid portion of the Transportation Trust Fund and is annually awarded pursuant to an application process. Factoring in both state and federal dollars, this means that total funding municipalities and counties will receive exceeds $400 million for fiscal year 2012.
Our citizens can be certain that local officials will put this dedicated funding to good use. This, like any, property tax relief funding delivered by the State helps relieve the burden of excessive and regressive property taxes. It also will help to revive our State’s economy and to halt the decay of our vital transportation infrastructure.
We commend the Governor, the Transportation Commissioner and the Legislature for all that they are doing to jump-start the economy. They can count on our support on this and on all efforts to take the pressure off of our property taxpayers.
Very truly yours,
William G. Dressel, Jr.