Not dead yet

The dreaded monetization plan is on hold, but not dead. (See this, as well.)

Gov. Jon Corzine’s grand plan to solve the state’s lingering financial crisis by selling the Turnpike and other toll roads to a public corporation has been put on hold until after the November election.

Corzine is concerned that introducing a controversial and complicated “asset monetization” plan in the weeks before a legislative election might foul the political waters for Democratic candidates and jeopardize passage of the plan by the Legislature, administration officials said.

I think this is one of those cases in which the reason it will be difficult to sell is that is it not a sellable idea.

South Brunswick Post, The Cranbury Press
The Blog of South Brunswick
The Cranbury Press Blog

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Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie. View all posts by hankkalet