Gas prices are still significantly higher under President Biden than they were under President Trump, Save Jerseyans, and this doesn’t help…
On Friday, as New Jerseyans skipped out of work early for the long Labor Day Weekend, New Jersey’s Treasury Department announced that after “a thorough review of fuel consumption statistics and consultation with the Legislative Budget and Finance Officer, […] New Jersey’s gas tax rate will increase by 0.9 cents per gallon beginning October 1 to comport with the 2016 law that requires a steady stream of revenue to support the State’s Transportation Trust Fund (TTF) program.”
Transparency? They like to talk about it, but we rarely get it…
“Because actual consumption in Fiscal Year 2023 was slightly below our projections made last August, primarily due to lower diesel use, and because consumption in the current fiscal year is projected to be just above last fiscal year’s levels, our analysis of the formula dictates a 0.9 cent increase this coming October,” said State Treasurer Elizabeth Maher Muoio. “As mandated by the 2016 law, this dedicated funding stream continues to provide billions of dollars across the state to support crucial transportation infrastructure needs.”
That 2016 law was the product of a compromise between Chris Christie and Steve Sweeney with which we’re all continuing to live.
