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.