NJ gas tax increasing to 44.9 cents per gallon by January
The hike will bring the total tax rate to 44.9 cents per gallon for gasoline and 51.9 cents for diesel fuel.
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New Jersey's gas tax rate will increase by 2.6 cents per gallon starting Jan. 1, in addition to other fees drivers will have to pay starting in 2025.
The hike will bring the total tax rate to 44.9 cents per gallon for gasoline and 51.9 cents for diesel fuel.
The new tax rate was announced Monday to support the state's Transportation Trust Fund program, which is required to provide nearly $11 billion over five years, which means drivers can expect a gas tax increase every year from 2025 through 2029.
The states Department of Treasury says the funds will support critical infrastructure improvements to the state's roadways and bridges.
On top of higher taxes for gas, millions of drivers are also looking at a 3% toll hike starting in January and a $9 congestion fee for anyone driving below 60th street in New York City.
Catching the train or bus could be more affordable, but it'll still be more than it was in years past. New Jersey Transit fares increased by 15% in July and will continue to increase by 3% annually.
