Buh bye, New Jersey.
We of Upstate NY will gladly fund this project if in return NJ accepts NYC as part of itself and we can lose it forever.
so -
Port Authority - $3B
Federal Govt - $3B
NJ - $8B ?
why wouldn't NY/NJ split the cost?
Over 90 percent of the riders are people commuting from New Jersey to work in New York city. In fact, NY is probably being asked to pay more than its fair share. Most of the New Yorker ridership goes to New Jersey on the weekends to shop. Basically the tunnel is an economic advantage for New Jersey.
So, the current one hundred year old tunnel will max out within 10 years.
New Jersey will lose revenue from taxes their residents pay on their fat New York salaries. New Yorkers won't shop in Jersey.
And, the thousands of construction jobs will be lost during rough economic times. Meaning more foreclosures, bankruptcies, etc. Plus New Jersey real estate values will fall as it becomes more difficult to commute to New York jobs.
All in all, a huge loss for New Jersey. All because the New Jersey governor wants to run for President and is willing to do it on the backs of the citizens of New Jersey.
Oh, btw. The supposed "reason" he is is doing this is because they need the money to repair their current roads and bridges. Of course, New Jersey has the 5th lowest gas tax in the country. And that's why they don't have the money to fix the bridges and the roads. But the Jersey governor doesn't want the tax to go up, even a couple of three cents a gallon which would pay for all the bridge and road repairs.
THIS is the problem with America. We used to have the best telecommunication and transportation systems in the world. Now our asses have been beaten in internet speed, and we are losing our transportation systems.
blah blah blah...
ask why we're in a deficit in the first place. because we overspent (govt worker salaries, stupid pet projects, etc.)
Sounds like the guy has some balls AND some foresight. Granted this is just one case and he might really be a moron, but it sounds like the right call was made here. Contractors (or whoever) need to learn that the quoted price is the price; overruns of 50-100% are just insane.
You mean the the fact that the Bush tax cuts turned a surplus into a huge deficit over the last 10 years? Or that we outsourced our jobs to China for short term profits? Or that we deregulated the banks and got what we always get when we deregulate the banks? An enormous crash? Or do you mean that we neglected our infrastructure for the 10 years of the Bush tax cuts?
America is like the penny pincher who won't spend a dime to fix his house. One day it comes crashing down.
We didn't overspend. We under taxed. The national debt would be only be half what it is if we didn't just cut taxes recklessly under Bush and the Republicans. And only a quarter of what it is if we didn't deregulate the markets and cause the Great Recession.
Not having dug into it I wonder how much of this has to do with changes to compensate for estimated future costs. For example, there is a highway project near me that they are looking to start building in 10 years. The "cost" is given both in current dollars and estimated cost in 10 years. 10 years from now they could very easily have been way off (note that this isn't just inflation estimations but labor and materials as well). Add in regular changes to technology and regulations and it becomes extremely difficult to estimate costs even three years out.
Over 90 percent of the riders are people commuting from New Jersey to work in New York city. In fact, NY is probably being asked to pay more than its fair share. Most of the New Yorker ridership goes to New Jersey on the weekends to shop. Basically the tunnel is an economic advantage for New Jersey.
So, the current one hundred year old tunnel will max out within 10 years.
New Jersey will lose revenue from taxes their residents pay on their fat New York salaries. New Yorkers won't shop in Jersey.
And, the thousands of construction jobs will be lost during rough economic times. Meaning more foreclosures, bankruptcies, etc. Plus New Jersey real estate values will fall as it becomes more difficult to commute to New York jobs.
All in all, a huge loss for New Jersey. All because the New Jersey governor wants to run for President and is willing to do it on the backs of the citizens of New Jersey.
Oh, btw. The supposed "reason" he is is doing this is because they need the money to repair their current roads and bridges. Of course, New Jersey has the 5th lowest gas tax in the country. And that's why they don't have the money to fix the bridges and the roads. But the Jersey governor doesn't want the tax to go up, even a couple of three cents a gallon which would pay for all the bridge and road repairs.
THIS is the problem with America. We used to have the best telecommunication and transportation systems in the world. Now our asses have been beaten in internet speed, and we are losing our transportation systems.
Over 90 percent of the riders are people commuting from New Jersey to work in New York city. In fact, NY is probably being asked to pay more than its fair share. Most of the New Yorker ridership goes to New Jersey on the weekends to shop. Basically the tunnel is an economic advantage for New Jersey.
So, the current one hundred year old tunnel will max out within 10 years.
New Jersey will lose revenue from taxes their residents pay on their fat New York salaries. New Yorkers won't shop in Jersey.
And, the thousands of construction jobs will be lost during rough economic times. Meaning more foreclosures, bankruptcies, etc. Plus New Jersey real estate values will fall as it becomes more difficult to commute to New York jobs.
All in all, a huge loss for New Jersey. All because the New Jersey governor wants to run for President and is willing to do it on the backs of the citizens of New Jersey.
Oh, btw. The supposed "reason" he is is doing this is because they need the money to repair their current roads and bridges. Of course, New Jersey has the 5th lowest gas tax in the country. And that's why they don't have the money to fix the bridges and the roads. But the Jersey governor doesn't want the tax to go up, even a couple of three cents a gallon which would pay for all the bridge and road repairs.
THIS is the problem with America. We used to have the best telecommunication and transportation systems in the world. Now our asses have been beaten in internet speed, and we are losing our transportation systems.
Raise the gas tax? Do you know how much property taxes cost in NJ?
That being said, NJ has some of the best roads in the country so that is a bullsht excuse.
That's funny, considering studies disagree with you:
http://reason.org/news/show/1002875.html
http://www.rd.com/your-america-insp...ds-in-america-the-rankings/article176005.html
New Jersey not only has some of the worst roads in the nation, it has some of the deadliest. Judging from my visit several years ago, the conditions were poor, and the system appears to have been designed by a 5yr old with crayons. Never seen such stupid designs before.
http://en.wikipedia.org/wiki/New_Jersey#RoadwaysThe Garden State Parkway, or simply "the Parkway," carries more in-state traffic [than the Turnpike] and runs from the town of Montvale along New Jersey's northern border to its southernmost tip at Cape May for 172.4 miles (277.5 km). It is the trunk that connects the New York metropolitan area to Atlantic City and it is consistently one of the safest roads in the nation.
http://en.wikipedia.org/wiki/Garden_State_ParkwayThe Parkway has been ranked as the busiest toll highway in the country based on the number of toll transactions.[2][3]
New Jersey has 38,131 miles of roads managed by state, county, and municipal governments and toll road authorities.[7] The major roadways fall under the jurisdiction of the New Jersey Department of Transportation (NJDOT), which operates the state highway system. Combined, State highways and toll roads consist of 7% of road mileage, but account for 66% of traffic volume. In contrast, county and municipal roads consist of 93% of road mileage and 34% of traffic volume.[7]
http://reason.org/news/show/19th-annual-highway-reportOver the last two years New Jersey has moved up from last to 45th in the overall rankings, but still spends dramatically more than every other state. New Jersey spends $1.1 million per mile on state roads.
http://www.mta.info/mta/network.htmBridges and Tunnels at a Glance*
Seven bridges and two tunnels in New York City;
toll revenues help subsidize mass transit.
2010 operating budget
$444.7 million
Support to mass transit
$741.7 million
Average weekday vehicles
824,000
Bridges
7
Tunnels
2
Employees
1,816
* Operating budget data as of February 24, 2010;
support to mass transit and other statistical data as of December 31, 2009
hahaha, undertaxed. live in NJ and then talk to me about undertaxed.