During a recent government meeting, officials discussed the allocation of funds from the Transportation Trust Fund (TTF) and its implications for public infrastructure in New Jersey. A key point raised was the inappropriateness of using TTF resources, which are designated for roads, bridges, and highways, to finance public walkways, particularly those serving only a small fraction of the state.
Concerns were voiced that diverting Local Aid dollars to support boardwalks would exacerbate existing issues with road conditions and diminish the funding available for essential local aid to municipalities. The TTF, which was reauthorized earlier this year, maintains spending levels from 2016 for the first two fiscal years. However, the impact of inflation and rising supply chain costs means that the purchasing power of these funds has significantly decreased, leading to fewer local road repairs.
In February, over $100 million in grants were awarded from the Boardwalk Preservation Fund, highlighting that there is already a dedicated source of funding for such projects. Meeting participants argued that it would be counterproductive to allocate TTF funds to boardwalk initiatives, as this could lead to increased property taxes, compromised road safety, and further funding challenges for critical infrastructure projects. The discussion underscored the need for a focused approach to transportation funding that prioritizes the maintenance and improvement of essential roadways and bridges.