Christie’s ARC Accounting Questioned

East Ticker
New Jersey Governor Chris Cristie's tunnel numbers are being questioned (Courtesy

The accounting methods that New Jersey Governor Chris Christie used to put the kibosh on new cross Hudson train tunnel were called in to question in a report released today, the New York Times reports. Christie said that the project, called the Access to the Regions Core (ARC), could run up to $14 billion, but independent Congressional investigators found that it would cost no more than $10 billion. He also claimed that New Jersey would foot more than 70 percent of the bill, but investigators said it would have been more like 14 percent. It should be noted that a constant Christie critic, Senator Frank R. Lautenberg, commissioned the report. No matter, it seems to be no skin off the governor’s nose. grabbed a quotable quote from the governor speaking in New York this morning at the George W. Bush Institute Conference on Taxes and Economic Growth: “So when they want to build a tunnel to the basement of a Macy’s and stick the New Jersey taxpayers with a bill of $3 to $5 billion over, no matter how much the administration yells and screams, you have to say no.”

Related Stories