The New Jersey Turnpike Authority has sufficient funds to meet its obligations to bondholders for the next year even though the agency faces a large 1996 budget deficit, the authority's executive director said yesterday.

The comments by agency executive director Roger Nutt followed last week's announcement that the authority projects a $105 million deficit in its $499 million budget for the 1996 fiscal year, which starts Jan. 1, 1996.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.