NJ Transportation Fund to Gain $120 Million in Debt-Refinancing Move

September 2, 2026 | njspotlightnews.org

A key legislative panel cleared a debt refinancing plan expected to generate as much as $120 million in cash for New Jersey’s gasoline-tax funded Transportation Trust Fund.

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NJ SEED: Good news for Jersey motorists. Too often the gas tax falls short of meeting the base Transportation Trust Fund requirement resulting in a mandated increase in the gasoline tax. Albeit temporary, the refinancing plan would bring some relief.