RUTHERFORD - One of New Jersey's key transportation figures says more borrowing isn't the answer to the state's infrastructure funding problem.
Assembly Transportation Committee chairman John Wisniewski told Meadowlands-area business leaders Tuesday that the state must identify a dedicated source of funding for the Transportation Trust Fund. The fund is due to run out of money in June.
Wisniewski says an increase in the state’s gas tax of about 25 cents a gallon could help alleviate some of the funding troubles and even fund new projects.
“The solution is a relatively modest increase that everyone can afford with long term benefits for the state,” Wisniewski said.
One of the projects calls for extending the number 7 subway line from New York City to Secaucus. The line would be the first trans-Hudson tunnel connection that would provide direct access from New Jersey to the west side of Manhattan. The line currently runs from Manhattan to Queens.
A feasibility study on the benefits of the expansion for both New Jersey and New York is expected in April.