By Arnold Stovell

fulop's plan of action 

The core pieces of Fulop’s plan include creating a dedicated funding source for NJ Transit; removing the PATH train from the Port Authority’s jurisdiction; reassessing the possibility of one-seat rides on the Raritan Valley Line; prioritizing rail over road expansion; modernizing NJ Transit infrastructure, particularly its stations; improving service at the New Jersey Motor Vehicle Commission (MVC); and pushing a less hostile strategy on congestion pricing.

Most policies revolve around the core idea of investment: in order to make New Jersey’s transit system work, it needs the money and political support to do so. One way to achieve that would be to create a dedicated revenue stream for NJ Transit, something Fulop said could come from the corporate business tax surcharge (CBT), which was eliminated from the FY2024 budget. There is an estimated billion-dollar shortfall looming on the horizon for NJ Transit; the CBT surcharge could raise that much money.

While many of his ideas are idealistic, Fulop’s proposal also includes practical reforms to improve New Jerseyans’ experiences with the state’s main transportation hub, the MVC. Fulop said that his administration would extend the MVC’s hours to create quicker turnaround times, expand the agency’s digital presence to allow for more online transactions, and change its leadership. 

“It is a retail operation, and it’s important to have leadership there that has retail experience in a very senior role,” Fulop said. “Leadership in MVC matters in a major way.”

Meeting and exceeding New Jersey’s Fair Housing Act; reinvigorating communities through redeveloping stranded assets, such as old shopping malls; empowering local communities by reworking the New Jersey Economic Development Authority’s (EDA) incentive program; incentivizing accessory development units (ADUs); and expanding the low-income housing tax credit (LIHTC). 

Renters are also an essential aspect of the proposal, arguing that increasing housing will make rent more affordable and help more residents gain access to a comfortable living situation. Housing projects inherently require working with developers and contractors. To this end, today’s proposal specifically focused on reforming long-term tax abatement policies.

A Fulop administration would like to set a unified standard across the state that ensures affordable housing units are built and stabilizes the government and investors. 

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