Government

Christie, State Lawmakers Agree on Plan to Increase NJ Gas Tax 23 Cents Per Gallon

748ae733afb76ac082a2_654a3076ae6526c7dc86_56b3115863c7f94306ab_bf76ef9b14753c6751d2_3a754f8f76edf09be2ad_f5d46daf27dafb517a32_Breaking_News_2.jpg
748ae733afb76ac082a2_654a3076ae6526c7dc86_56b3115863c7f94306ab_bf76ef9b14753c6751d2_3a754f8f76edf09be2ad_f5d46daf27dafb517a32_Breaking_News_2.jpg

TRENTON, NJ – Gov. Chris Christie has ventured where his predecessors never dared – he has agreed to a deal with the leaders of the state Senate and state Assembly to raise New Jersey’s gas tax 23 cents a gallon in order to fund the state’s depleted Transportation Trust Fund.

The last time New Jersey motorists experienced a hike in gas taxes was 1988.

A key part of the deal for Christie is a slight reduction in the state’s sales tax, and elimination of the state’s estate tax.

Sign Up for E-News

The deal is pending full approval by members of the Senate and Assembly; a vote is expected next week.  If it is approved, Christie will sign the bill immediately.

The governor joined with Senate President Steve Sweeney and Assembly Speaker Vincent Prieto at a joint press conference to make the announcement Friday afternoon.

“This historic TTF deal improves New Jersey’s economy, affordability and infrastructure,” Christie said.

"While it took us some time to get here, in the end everyone worked together and compromised to create a plan we could all coalesce behind - one that puts safety first, puts residents back to work and provides broad-based tax cuts for all New Jersey residents,” said Assembly Speaker Vincent Prieto (D-Bergen/Hudson).



"This $16 billion investment over the next eight years - the largest in TTF history - is an investment in both our economy and public safety. A healthy and stable transportation network is vital to the flow of goods and services, vital to commuters trying to get to work, vital to first responders dealing with emergencies and vital to school buses trying to bring kids to school,” he added.

Here are details of the deal:

·         The TTF will be funded $2 billion annually over the next 8 years;

·         The state’s sales tax will be reduced from 7 percent to 6.875 percent on Jan. 1, 2017; the following year it will be reduced another .25 percent.

·        The estate tax will be phased out beginning this year and eliminated by Jan. 1, 2018.

State Sen. Christopher “Kip” Bateman, R-16th was e-mailed a copy of the draft agreement late Friday afternoon and was reviewing its contents.

“I’m going to withhold any judgment until I read the whole proposal,” Bateman said, “but I’m happy the three parties have finally come together on a deal; I hope it’s a good one and that we can get people back to work.”

Thousands of construction workers and hundreds of construction projects across the state have been idle since mid-July when Christie issued an executive order freezing the depleted TTF, just days before it was set to run out of money. Emergency work on projects has been permitted on a case-by-case basis, financed by the state’s general fund.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

East Orange/Orange

Take the 2018 TAPinto Reader Survey

July 12, 2018

How often do you read TAPinto?  Have you downloaded the TAPinto APP?  These are a few of the questions for readers in our 2018 TAPinto Reader Survey.

We want to hear from you!

The survey will take less than five minutes to complete and will help TAPinto better serve you. 

Take the 2018 TAPinto Reader Survey.

Thank you.  We appreciate your support and ...

2nd Annual Love & Not Hate March Today in East Orange

July 13, 2018

EAST ORANGE, NJ - This morning the Rev. Al Sharpton will join East Orange Mayor Ted Green for their 2nd Annual Love & Not Hate March against gun violence at 8:00 AM. 

The March will begin at Hollywood Ave & Central Avenue in East Orange and will work its way to Oval Park. Once at the park there will be youth activities, vendors, music, school give-a-ways and much more.

Winning Case Study Topic Areas

In the last article, we discussed why case studies can be an excellent opportunity to add income and prestige to your business. This time, we want to start taking a look at the kinds of case studies that people in your niche would be eager to see. 

Business Case Studies

Every small business can use a helping hand when it comes to laying a solid foundation for success. One of the most ...

How Case Studies Can Help Your Business

Hi, and welcome to your article series on “Creating Case Studies for Your Business”, no matter what niche you are working in. We hope you get a lot out of it.

What Is a Case Study?

Case studies are becoming an increasingly popular type of information product, designed to report on a problem a company had and how they went about solving it. The case study will usually outline the ...

How Meditation Can Help Protect the Brain from Decline

The research is in and it’s very exciting. You can lessen the effects of age-related cognitive decline with meditation. Let’s look at all the ways meditation can protect your brain from decline.

* Increased Mental Flexibility – By engaging your brain in the exercise of meditation, you teach it to be more flexible mentally. You’re better able to see that the world is not ...

City of Orange Township Cooling Stations Available for Your Relief

July 2, 2018

ORANGE, NJ - The weather forecast for June 29 through July 5, 2018 is indicating 90° and above. Therefore, Mayor Warren and the Township Council reconfirmed that the cooling station are still being offered at the following locations: