It's goin' down!
January 8, 2008
This will be a very busy week in politics. The new state legislature is being sworn in today, with the highest turnover of lawmakers in a generation and with more women than ever in the history of New Jersey. It is before this new group that Governor Jon Corzine will deliver his third annual State of the State address. The big news expected to come out of that speech is the official unveiling of the governor's so-called Asset Monetization plan.
That plan is going to mean major toll increases, 50 percent every four years, (That is not a misprint.) beginning in 2010, on the NJ Turnpike, Garden State Parkway and Atlantic City Expressway, not to mention the creation of new tolls on route 440. On the bright side, says Corzine, the state will be able to borrow money against the future toll increases in order to pay down the debt and improve the state's infrastructure.
The plan is going to need approval from the legislature and that is not a given, especially given a new class of lawmakers and what is expected to be a collective gasp from motorists around the state.
We'll be keeping an eye on this all day day, after which we'll turn our attention to New Hampshire. Our interest in New Hampshire is not so much the results there, per se, but what they may mean for New Jersey's Democratic primary in February.
Senator Hillary Clinton has maintained a huge lead in New Jersey, but observers believe that if Senator Barack Obama wins New Hampshire big, as expected, New Jersey would be in play. With that in mind, Obama has scheduled an organizing rally for tomorrow in Jersey City.
In case you're wondering, here's how the state's Democratic big-wigs are lining up. Governor Corzine, Rep. Donald Payne and Senator Bob Menendez are down with Hillary, while Newark Mayor Cory Booker and Jersey City Mayor Jerremiah Healey are backing Barack. Prepare to be relevant New Jersey. Like Yung Joc said "It's goin' down!" - David Cruz
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