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View Full Version : New Jersey "owes " the federal government $271M.for cancelled project




teacherone
11-30-2010, 12:17 AM
APNewsBreak: NJ must pay $271M for killing tunnel

ANGELA DELLI SANTI
The Associated Press

TRENTON, N.J. - New Jersey owes the federal government more than $271 million after canceling a rail tunnel connecting the state with New York, according to a debt notice obtained Monday by The Associated Press.

The letter from the Federal Transit Administration's chief financial officer to NJ Transit's executive director demands payment of $271,101,291 by Dec. 24.

It's money the government wants New Jersey to repay for work done on the Hudson River tunnel before Republican Gov. Chris Christie terminated the project. The notification follows a warning letter earlier this month estimating the charges.

"FTA demands payment in full within 30 days from the date of this letter, hereinafter referred to as the 'delinquency date,'" the letter states. The letter was dated Nov. 24.

lol

phx420
11-30-2010, 12:20 AM
in other words, baby kiss me

Xenophage
11-30-2010, 12:30 AM
What's the Fed going to do if NJ doesn't pay? Declare martial law? Unleash Weapon X? Gimme a break.

The only thing they can do is withhold federal funding. That'd be a GOOD thing.

RM918
11-30-2010, 02:35 AM
If only they had the same attitude toward their own debts.

squarepusher
11-30-2010, 02:50 AM
What's the Fed going to do if NJ doesn't pay? Declare martial law? Unleash Weapon X? Gimme a break.

The only thing they can do is withhold federal funding. That'd be a GOOD thing.

probably withhold sugar daddy fed money, like for other things

Romulus
11-30-2010, 01:33 PM
probably withhold sugar daddy fed money, like for other things

And charge them a crapload of interest.

specsaregood
11-30-2010, 01:39 PM
probably withhold sugar daddy fed money, like for other things

except nj is one of the biggest tax donor states in the country. iirc, nj only gets back 53% of federaltaxes paid in. in otherwords nj is already used to being raped by sugar daddy fed