"New Jersey, I think, has really strained the taxation system to its breaking point. We have the highest corporate taxes in the nation right now. Simply looking to fare hikes and taxes is just not an option,"
"Many places from around the world, that run some of the best transit systems worldwide do it through things like transit-oriented development, developing properties they have, putting parking lots on them, other leasable facilities,"
"I hate to say this, but often as your taking a train, you find yourself in traffic, which is something else that I want to address, but"
Mikie Sherrill emphasizes that New Jersey cannot rely on fare increases or new taxes to fund NJ Transit because taxation is at a breaking point. NJ Transit currently depends on the state general fund, unlike the MTA which has dedicated tax-based revenue streams. Sherrill rejects copying the MTA model and advocates for a dedicated funding source tied to state-owned property and transit-oriented development. Proposed measures include developing and leasing state properties, converting parking lots to leasable facilities, selling advertising on buses and trains, adding onboard television screens, and addressing traffic that undermines transit efficiency.
Read at Cbsnews
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