New Jerseyans shouldn’t expect New Jersey to join Maryland and Georgia in declaring a gas tax holiday. Governor Murphy told News 12 that suspending the gas tax would destabilize the state’s transportation trust fund that seeds road projects.
“Folks say, ‘Well, maybe you could stop the project,’” Murphy said. “The problem is: When you reboot it, it costs a lot more money to start.”
Murphy wants the feds to declare one instead.
“They can print money,” Murphy added, referring to Washington. “We can’t.”
New Jersey’s current gas tax is 42.4 cents per gallon – the fourth highest in the country. A pending Democrat proposal would temporarily drop the state tax to 14.5 cents (where it was in 2016) for two months.
The federal gas tax is 18.4 cents per gallon.
The ironic part?
Governor Murphy is currently pushing the hell out of electric cars which (since they don’t run on gasoline) will eventually bankrupt the state’s transportation trust fund. No gas purchases? No money for roads, bridges, etc.
How did this guy ever work at Goldman Sachs?!
