Nothing in New Jersey is cheap, from the mortgage to taxes and many things in between.
The price to build roads and bridges here is especially high and a non-profit group’s report suggested ways to cut costs that could save taxpayers up to $2 billion. Does that have your interest?
Road construction here costs a painful $238,000 per mile, the highest of seven northeast states analyzed by experts for Garden State Initiative, a non-profit research and educational organization.
Even Massachusetts spends less at $197,000 per mile, according to the group. The report found the state could save a high of $2 billion if it its costs were in line with Pennsylvania and $1.3 billion, if road costs were in line with the seven northeastern states analyzed.
It recommends merging transportation agencies, more use of public-private partnerships and doing a better job selecting projects, the report said.
Read the full report here.