New Jersey motorists want to put brakes on Turnpike privatization plan
? A Turnpike privatization plan meant to help close New Jersey?s $4 billion budget gap has come under fire by many Garden State motorists.
Acting Governor Dick Codey (D-NJ) says he is considering leasing the New Jersey Turnpike to a private company for what will probably be a hefty price. The state could then take the leasing fee and apply it to the large budget gap. The entity taking over the Turnpike would in turn run and maintain the roadway, but it would also control tolls.
Codey?s idea has been met with skepticism by many New Jersey residents. Those against the plan say the privatization will only mean higher tolls for those using the Turnpike. Some motorists also feel residents? money should stay within New Jersey to be used on state projects.
According to Codey, the plan is still in its early stages and is not final by any means. The acting governor also says he will be exploring many options to help close the budget gap.