State treasury: New Jersey's gas tax to stay flat in 2020

Posted: Updated:

(AP) - New Jersey's gas tax won't be going up in the coming year.

The state treasury announced Wednesday that the rate will remain at 41.4 cents a gallon.

The announcement comes after the state conducted a review of fuel consumption required under a 2016 law that boosted the state's transportation trust fund to $2 billion a year from $1.6 billion. The law requires the state to keep a steady revenue stream for the fund, which means the tax could rise if consumption drops.

RELATED: NJ drivers paying more at the pump as gas tax hike takes effect 

Last year, Democratic Gov. Phil Murphy's administration raised the rate by 4.3 cents to 41.4 cents.

The 2016 law that initially raised the gas tax by about a quarter and cut other taxes was signed by Republican Chris Christie.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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