By Eileen Houlihan, senior writer/editor ARTBA
The ongoing halt to New Jersey transportation projects ordered by Gov. Chris Christie (R) could cost the construction industry and state taxpayers at least $41 million and jeopardize 1,700 workers, analysis from ARTBA’s Chief Economist Dr. Alison Premo Black shows.
The week-long shutdown began July 8 after Christie and state legislators clashed over a new revenue source for the Transportation Trust Fund, which is set to run dry in August. The two sides had not yet reached a solution to their impasse at the time of Newsline publication.
Keeping state transportation projects shut down for an extended period could cost up to $1.3 million per day in lost sales, wages and economic activity throughout the state, the ARTBA research shows.
The report has been cited by numerous media outlets, including Bloomberg BNA, the Philly Voice, Equipment World Magazine, NJ Spotlight, the Burlington County Times and New Jersey’s 101.5 RM Radio.