NJ lawmakers authorize funds for transit projects

(AP) - Lawmakers in New Jersey have given thego-ahead to the state to sell more than $1 billion in bonds to keeproad and rail projects

TRENTON - (AP) - Lawmakers in New Jersey have given thego-ahead to the state to sell more than $1 billion in bonds to keeproad and rail projects on track through spring.

The Joint Budget Operating Committee authorized the bond sale.They called an emergency meeting after Gov. Chris Christie orderedwork stopped on all state-funded projects.

Treasurer Andrew Eristoff said Monday that the work stoppage waswarranted because Democrats who control the Legislature hadn'tapproved the bond sale to fund the projects. Each side accused theother of engaging in political theater.

Transportation Commissioner James Simpson says theadministration is working on a long-term plan to fund road transitprojects.

Eristoff says the Republican governor has ruled out raising thegas tax.

advertisement | advertise on News 12

Trending Video

Monmouth County officials continue to search for missing 1 Officials continue to search for missing 19-year-old
Police in Asbury Park calling for cease fire 2 Police in Asbury Park call for cease-fire after shootings
VIDEO: Make-A-Wish fundraiser held for 10-year-old with cystic 3 VIDEO: Make-A-Wish fundraiser held for 10-year-old with Cystic Fibrosis
A 2-year-old boy was killed when his aunt 4 Police: 2-year-old killed when aunt backs car into him
VIDEO: Shoppers brave the cold for holiday deals 5 VIDEO: Shoppers brave the cold for holiday deals

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE