Gov. Murphy signs bill to increase state gas tax, charge fee for electric vehicles
The tax will increase by nearly 10 cents per gallon over the next five years in an effort to replenish the state Transportation Trust Fund.
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2ds agoGov. Phil Murphy signed a bill raising the state gasoline tax, in an effort to replenish the state’s Transportation Trust Fund.
The tax will increase by nearly 10 cents per gallon over the next five years. There will also be a fee for electric vehicles.
Murphy says these changes are expected to generate roughly $6.7 billion per year to help replenish the fund.
"America depends on the strength of New Jersey's transportation system. If our infrastructure falls behind, our entire economy falls behind, and worst of all, our families would pay the highest price in the form of costly delays and missed opportunities,” the governor said.
Murphy says the funding will cover the cost of maintenance and repairs for roads, highways, bridges, tunnels, railroads, and even potholes.
The increased gas tax and electric car fee are set to take effect in July.
