New Jersey Governor Jon Corzine has plans to travel throughout his state to convince voters that adding tolls to the state's roads is a good idea.
"By most accounts - including his own - getting the public onboard is going to be no small feat in a state that already has one of the nation's highest tax burdens. Mr. Corzine is proposing to increase tolls by 50 percent every four years starting in 2010 and ending in 2022, as well as additional increases for inflation."
"The plan would also include relinquishing state control of the toll roads to a new nonprofit corporation so the state can reap up to $38 billion from a bond sale meant to halve the state's $32 billion debt and repair its transportation infrastructure."
"Mr. Corzine already appears to have a few advantages. First, despite all the criticism from Republicans that his plan would overburden New Jersey drivers and strip the state of the authority to run its toll roads, the governor's opponents have not offered an alternative fix to the state's finances."
Read the full story: Road Show to Sell Toll Raises
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