New Jersey lawmakers lay out transportation fund plan

A bipartisan group of New Jersey lawmakers laid out a plan to use higher gas taxes to replenish the state’s transportation fund.

New Jersey lawmakers laid out a plan to replenish the transportation trust fund that includes a gas tax increase, but also eliminates  other taxes.

New Jersey lawmakers laid out a plan to replenish the transportation trust fund that includes a gas tax increase, but also eliminates other taxes. (6/13/16)

TRENTON - A bipartisan group of New Jersey lawmakers laid out a plan to use higher gas taxes to replenish the state’s transportation fund.

The plan calls for paying 23 cents a gallon more for gasoline. It is a plan that Gov. Chris Christie would have to sign into law, but the governor says he is not convinced it will work.

“I have been calling for tax fairness,” Christie said. “They have included tax reductions, but not nearly enough.”

In addition to the gas tax increase, the plan laid out by lawmakers Monday eliminates the estate tax and phases out state income taxes for seniors with less than $100,000 a year in income. It would increase the earned income tax credit for working families.

Supporters of the plan say that the gas tax increase hurts fewer New Jerseyans than other taxes, because about a third of gas sold in New Jersey is purchased by out-of-state drivers.

The plan needs to be voted on by the summer, which is when the transportation trust fund is set to run out of money.

advertisement | advertise on News 12

Trending Video

One of the tickets was sold at the 1 Winning lottery tickets sold in New Jersey
VIDEO: Chopper 12 over East Brunswick bus crash 2 VIDEO: Chopper 12 over East Brunswick bus crash
Multiple injuries reported following bus accident in East 3 Multiple injuries reported following bus accident in East Brunswick
Collection agencies working for the IRS may call 4 Consumer Alert: IRS collections
The water line feeds many homes and business 5 Water main break in Kearny affects Bayonne

advertisement | advertise on News 12

More News

New Jersey lawmakers unveil plan to raise gas Lawmakers unveil plan to raise fuel taxes for road funding

New Jersey lawmakers have unveiled a detailed, bipartisan plan to pay for road and bridge

NJ Transit is one of the agencies that Senators visit transit facility to weigh state needs

Lawmakers toured the New Jersey Transit facility in Kearny Tuesday to look at the transportation

New Jersey Republicans and Democrats clash over NJ lawmakers clash over ‘tax fairness’

New Jersey’s lawmakers are having a hard time agreeing on the issue of “tax fairness”

The Christie administration says that the Transportation Trust Christie administration: Road fund won't last beyond Aug.

New Jersey's top transportation official says that the state's fund for road and bridge work

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE