Episode Details

New Jersey’s legislative committee just approved a smart fiscal move: refinancing $2 billion in transportation bonds to free up $120 million for road, bridge, and transit upgrades—without touching the general budget. With gas prices rising, this move is especially timely, leveraging current market rates to save 5% on debt while keeping funds locked into the constitutionally protected Transportation Trust Fund, which also draws from EV fees and sales tax. It’s infrastructure-focused finance at its best.

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