Bill > ACR88

This concurrent resolution proposes a constitutional amendment that would require voter approval for any new debt or borrowing by the State or State entities specifically related to transportation system projects. Under the proposed amendment, before the State can issue bonds or take on debt for transportation infrastructure activities such as planning, construction, repair, or rehabilitation, it must first identify a dedicated revenue source and submit that source for voter approval in a general election. The proposed change aims to increase transparency and public input in transportation funding by mandating that voters directly approve the specific revenue stream that will be used to pay for transportation-related bonded indebtedness. If approved, this constitutional amendment would ensure that any new transportation-related borrowing cannot proceed without first receiving majority support from legally qualified voters in a statewide election, giving citizens a direct say in how transportation infrastructure projects are funded.

Transportation and Infrastructure

https://www.njleg.state.nj.us/bill-search/2024/ACR88