NJ Dems agree to raise gas tax, scrap estate tax

Road Sage: Gas tax, gas tax, Sundials, and more gas tax! The Transportation Trust Fund has borrowed copiously over the years, is tapped out of money, and the current revenue reaped from the gas tax is not enough to cover the interest payments on its debt.

New Jersey approves 23 cent gas tax hike | CNN Business

The New Jersey legislature approved a 23 cent gas tax hike. The tax increase would bring New Jersey gas prices roughly in line with the national average of $2.23 a gallon. The state’s consistently low gas tax has meant that it’s had some of the nation’s cheapest gas.

New Jersey’s first gas tax increase in three decades heads to...

Lawmakers voted to raise New Jersey’s gas tax by 23 cents a gallon to pay for road, bridge and transit improvements. The gas tax would produce around $1.2 billion of that yearly revenue, and the state would borrow the remaining $800 million.

New Jersey's gas tax to rise by 0.9 cents in... - New Jersey Monitor

New Jersey’s gas tax adjusts automatically to meet an annual $2 billion revenue target to fill the state’s transportation trust fund. New Jersey’s gas tax will edge up slightly in October after falling millions short of its $2 billion revenue target, the Treasury announced Friday.

7 things you need to know about N.J.'s 23-cent gas tax hike... - nj.com

New Jersey’s Gas Tax Won’t Be the Second-Lowest in the U.S. For...

New Jersey Gas Tax: How they voted | Parsippany Focus

...for the residents of New Jersey who will benefit from a better transportation system and will enjoy significant tax savings,” according to NJ101FM.com. Assemblyman Raj Mukherji (Democrat): Voted for the gas tax • District Office: 433 Palisade Avenue, Jersey City, 07307 (201) 626-4000.

New Jersey to raise gas tax rate nearly 10 cents per gallon on Oct. 1

Effective October 1, the New Jersey gas tax will increase 9.3 cents per gallon. When it does not, the gas tax rate has to be adjusted accordingly in order for us to meet our obligation under the law and fully fund the state's many pressing transportation infrastructure needs."

New Jersey's Gas Tax Increase is Just One Part of the Story

The gas tax A gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide funds for highway repair and maintenance, as well as for Right now, New Jersey has the second-lowest motor fuel tax in the nation (14.5 cpg).

New Jersey Gas-Tax Fix Seen as Credit Negative for... - Bloomberg

The 23-cent a gallon gas-tax increase approved on Friday by New Jersey lawmakers may solve the state’s infrastructure crisis at the expense of its general operating budget, according to The new gas-tax revenue will support $16 billion of road and rail projects over the next eight years.