Title: Chris Christie’s budget ‘sins’ in New Jersey - The Washington Post
Headings: Chris Christie’s budget ‘sins’ in New Jersey
Chris Christie’s budget ‘sins’ in New Jersey
Budget fix: Underfunding pensions
Budget fix: Toll money shuffle
Budget fix: Booking "bond premiums"
Budget fix: Short-term borrowing
Budget fix: Delaying property tax rebates
Budget fix: Lottery outsourcing
Budget fix: Tobacco bonds
Budget fix: Cash from legal settlements
Budget fix: Clean Energy Fund
Budget fix: Municipal aid

Content: Budget fix: Toll money shuffle
How it worked: After canceling an $8.7 billion cross-Hudson rail tunnel in 2010, Christie took $1.25 billion of highway tolls for the project to pay for new roads and bridges. Later, he shifted the tolls to the operating budget to plug shortfalls. Results: Shifting the money to the general budget forced the Transportation Trust Fund to replace it with $1 billion in unplanned borrowing. AD
Former New Jersey governors who did it: None
Christie response: State Treasurer Andrew Sidamon-Eristoff said the diversion was appropriate because the money ultimately offset the state’s subsidy to New Jersey Transit, the state-owned rail and bus carrier. AD
Budget fix: