Moody’s gives gas tax plan ‘credit negative’ outlook

One of the top credit rating agencies says the plan to raise the gas tax by 23 cents could put a strain on the overall state budget. Moody's gave the plan a 'credit negative' outlook saying the state's

News 12 Staff

Oct 11, 2016, 3:20 PM

Updated 2,747 days ago

Share:

Moody’s gives gas tax plan ‘credit negative’ outlook
One of the top credit rating agencies says the plan to raise the gas tax by 23 cents could put a strain on the overall state budget.
Moody's gave the plan a 'credit negative' outlook saying the state's general fund could take a big hit.
The bill to raise the gas tax while cutting other taxes passed in the State House on Friday.
Gov. Chris Christie is expected to sign it.


More from News 12
0:22
Police: Marlboro teacher accused of inappropriately touching student faces charges

Police: Marlboro teacher accused of inappropriately touching student faces charges

Man who lit himself on fire outside Trump trial has ties to New Jersey

Man who lit himself on fire outside Trump trial has ties to New Jersey

1:55
Scattered rain showers overnight; sunshine returns Saturday afternoon

Scattered rain showers overnight; sunshine returns Saturday afternoon

1:54
Authorities: 2 children at Port Reading school become sickened after ingesting marijuana gummies

Authorities: 2 children at Port Reading school become sickened after ingesting marijuana gummies

2:45
Business owners say they are losing business due to Route 71 bridge being stuck in up position

Business owners say they are losing business due to Route 71 bridge being stuck in up position

1:42
Prosecutor: Remains found at Wall construction site were of ‘advanced age’

Prosecutor: Remains found at Wall construction site were of ‘advanced age’

0:27
Prosecutors: Atlantic City’s Central Pier bursts into flames; 1 man dead

Prosecutors: Atlantic City’s Central Pier bursts into flames; 1 man dead

0:25
Boil water advisory issued for parts of Monmouth County

Boil water advisory issued for parts of Monmouth County

0:48
Ridgewood mayor shares photos showcasing renovation of former Warner Theater

Ridgewood mayor shares photos showcasing renovation of former Warner Theater

1:37
Officials: Some Marlboro schools, Trenton Board of Ed receive bomb threat 2nd day in a row

Officials: Some Marlboro schools, Trenton Board of Ed receive bomb threat 2nd day in a row

0:31
Start of Sen. Bob Menendez's bribery trial is delayed a week to mid-May

Start of Sen. Bob Menendez's bribery trial is delayed a week to mid-May

0:35
How to get rid of unused or expired medications

How to get rid of unused or expired medications

2:51
EPA: Elevated levels of lead found at multiple East Trenton homes, parks

EPA: Elevated levels of lead found at multiple East Trenton homes, parks

0:36
NJ General Assembly passes bill to combat school bus driver shortage

NJ General Assembly passes bill to combat school bus driver shortage

0:24
Former NJ elementary school employee sentenced for possession of child porn involving at least 79 victims

Former NJ elementary school employee sentenced for possession of child porn involving at least 79 victims

2:32
Main Street New Jersey: Some great food spots to try in South River

Main Street New Jersey: Some great food spots to try in South River

0:25
NJ Department of Education awarding over $9 million in grants to help students with disabilities

NJ Department of Education awarding over $9 million in grants to help students with disabilities

2:19
Paws & Pals: Ellie Mae now up for adoption with Best Friend Dog and Animal Adoption

Paws & Pals: Ellie Mae now up for adoption with Best Friend Dog and Animal Adoption

Is your mom awesome? New Jersey tell us why your Mom Rocks!

Is your mom awesome? New Jersey tell us why your Mom Rocks!

Show off your team spirit! Share your photos with News 12

Show off your team spirit! Share your photos with News 12