New Jersey Legislature passed a 23 cent gas tax increase to fund transportation.
What do I need to know about the 23 cent tax gas increase?
- Offset by other tax cuts ($16 billion or $1.4 billion depending who you ask)
- elimination of the estate tax
- cuts the sales from 7 cents to 6.625 cents
- increased tax benefits for the working poor and veterans
- Also created a 4 member transportation project approval board consisting of:
- Governor appointees
- Senate President appointee
- Speaker appointee
Asbury Park Press | Legislature OKs higher gas tax; heads to Christie