With the state's Transportation Trust Fund emptying out on July 1, the governor contemplates securing $6 billion in loans.
"Gov. Jon Corzine is considering borrowing billions of dollars and refinancing existing debt to grab $6 billion for road and rail projects without raising the gas tax, a state lawmaker briefed on the plan said yesterday.
With interest and financing costs, the plan would end up costing taxpayers $11 billion as the loans are repaid, said Assemblyman John Wisniewski (D-Middlesex), chairman of the Assembly Transportation Committee."
"The Transportation Trust Fund, which has financed about $15.6 billion in transportation programs since it was formed in 1985, will run out of money on July 1. Heavy borrowing has left the fund facing loan payments of more than $10.7 billion, which will consume the entire $805 million in tax revenues and fees earmarked to it each year."
FULL STORY: Corzine ponders loan to fund road projects

Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.

National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.

Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.

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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.

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