At Assembly budget committee hearing, the state transportation commissioner warns the budget adopted next summer will be quite challenging for NJ Transit.
State gas taxes in New Jersey will rise to 50.7 cents per gallon. Gas consumption is down in the COVID-19 recession, triggering a hike under a state formula.
New Jersey's gas tax rises each year as sales decline, to ensure the state a steady level of revenue. The stay-at-home order has made gasoline sales shrivel.
Gasoline sales continue to decline in New Jersey, raising the possibility of another gas-tax hike this fall. The Murphy administration thinks it can be avoided.
Any adjustment to the 22.6 cent/gallon gas tax will be announced in advance of its effective date of Oct. 1~ Spokesman Willem Rijksen told NJ Advance Media.
Last November Jersey drivers saw a 23 cent per gallon gas tax enacted to help fund "transportation" projects and now we find out that another increase is not out of the question for this Fall!
Accor...
Gov. Chris Christie’s tour of road projects included a new wrinkle Thursday – noting no lawmakers who voted to hike New Jersey’s gas tax lost their primaries.
The worst-in-the-nation congestion of the New York-New Jersey metropolitan area causes the trucking industry to lose $3 billion a year in the Garden State alone, accounting for nearly 5 percent of congestion costs nationwide.