Press Releases
Menendez, Pascrell Announce $275 Billion for Transportation Funding
Washington, DC,
March 24, 2003
New Jersey to receive increased funding for Transit and Highways US Representatives Bob Menendez (NJ-13) and Bill Pascrell, Jr. (NJ-8), members of the House Transportation and Infrastructure Committee (T&I), today voted in Committee on the a six-year, $275 billion Transportation Equity Act: A Legacy for Users (TEA LU) to replace the expiring Transportation Equity Act for the 21st Century, known as TEA 21. The bill has passed committee and now heads to the House Floor for a vote. "As the Senior New Jersey member on this committee, I want to recognize the leadership of the committee in producing a bill within the constraints that they had and in keeping so many items that are of great important policy intact. But I do hope that we can challenge ourselves to come to a higher plane, as I think we have under-funded the nation's transportation and infrastructure needs," said Menendez, Chairman of the Democratic Caucus. TEA-LU will reauthorize the federal highway, public transportation, highway safety, and motor carrier safety programs for 6 years, from fiscal years 2004 through 2009. Originally announced in November 2003 at a funding level of $375 billion for 6 years, pressure from the Bush Administration has decreased the funding level in the House bill to $275 billion. Overall, transit funding level is $36,464,047,006, with New Jersey scheduled to receive $2,098,273,741, an increase of $436,368,732 over TEA-21 levels. Highway funding is at $188,015,849,804, with New Jersey receiving $4,778,565,225, an increase of $425,381,521. Additionally, TEA-LU includes new programs aimed at improving America's transportation infrastructure, such as:
"Compared with the $375 billion transportation bill that would meet the needs of our congested nation, this bill includes important policy provisions that are severely under funded. This Congress has an obligation to pass a more robust highway and transit renewal, to create needed jobs, foster safety, and protect our environment. Bottom line -- the sound transportation investments and policies we are working toward will do wonders to improve the quality of life of North Jersey residents," added Pascrell. "Congress has a responsibility to challenge the administration on its short-sighted vision. Democrats stand ready to help meet the stronger clearer safer vision of that funding level which really provides us with a type of legacy for users and a type of legacy for America and New Jersey that we collectively want to see," concluded Menendez. ### |