More than $99 of every $100 spent on transportation projects by the state for the last seven years was borrowed. The gas tax hike seeks to curb that trend.
Proponents for dedicating all gas-tax revenues toward transportation are stepping up advocacy efforts, ahead of an Election Day decision by voters that could be a close one.
Driving in the Garden State is now more expensive thanks to the 23-cent gas tax increase that went in effect earlier this week. New Jersey has now gone from 49th highest to 6th highest in the nation.
Gas prices in New Jersey are set to increase on November 1st as the gas tax hike goes into effect.
Something else that will increase in response? Uber rates.
A key portion of the Transportation Trust Fund plan can’t take effect without one final approval – from voters. Its rejection wouldn't nullify the gas-tax hike, though.