Budget Committee hears from Simpson on TTF

 TRENTON – Payback implications abound here in this Joint Budget Oversight Committee hearing room days after Senate Dems approved a subpoena to hit up former Department of Education Commissioner Bret Schundler.

But “the decision made on Friday to halt all projects to fund the TTF was not made lightly,” insists Department of Transportation Commish James Simpson. “You can’t pay the bills when you have no money.”

Seeking money from debt service to fund the Transportation Trust Fund, Simpson sits in front of state Sen. Paul Sarlo (D-Wood-Ridge) and other members of the joint budget committee.

Hitting labor where it hurts – and by extension, Democrats – Simpson announced a stop-work order (effective today), and indefinitely unless Dems approve the bonding – a day after Democratic senators last Thursday authorized a Legislative Oversight Subcommittee to subpoena Schundler for questions about how and why New Jersery lost $400 million in federal education dollars. 

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TRENTON – Payback implications abound here in this Joint Budget Oversight Committee hearing room days after Senate Dems approved a subpoena to hit up former Department of Education Commissioner Bret Schundler.

 “The decision made on Friday to halt all projects to fund the TTF was not made lightly,” Department of Transportation Commish James Simpson says. “You can’t pay the bills when you have no money.” 

 Seeking the refinancing of half a billion dollars in debt service to resupply the state’s Transportation Trust Fund, Simpson sits in front of Budget Committee Chair Paul Sarlo (D-Wood-Ridge) and company.

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Budget Committee hears from Simpson on TTF