Will NJ Gas Tax Rise? Stay Tuned

November 14, 2024 | njspotlightnews.org

Credit: Image by andreas160578 from Pixabay

New Jersey motorists should know within a matter of weeks whether the state’s per-gallon gas tax will go up at the start of the new year to help maintain planned spending on transportation infrastructure. 

Under state law, a meeting of New Jersey’s top state-government finance officials is required to occur each year by mid-November to determine whether the fund that pays for ongoing road, bridge and rail investments will stay in balance under the current gas-tax rate.

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NJ SEED: Currently NJ’s motor fuel tax is the 8th highest in the nation. We still have a ways to go to be #1.