The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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Ridgewood NJ, New Jersey drivers will soon see a small increase at the pump. Beginning January 1, the state’s gasoline tax will rise by 2.6 cents per gallon, part of an effort to fund the Transportation Trust Fund (TTF) ie… the Transportation Slush Fund . The announcement, made by the Department of the Treasury, formalizes a plan set in motion by legislation passed in March.
Continue reading New Jersey Gas Tax Set to Rise by 2.6 Cents in January
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Trenton NJ, the National Federation of Independent Business (NFIB) called on New Jersey lawmakers to help provide fuel cost relief for small businesses, workers, and commuters across the Garden State. NFIB’s New Jersey state director urged immediate action to either reduce or suspend the $0.329 state gas tax until fuel prices begin to stabilize.
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Ridgewood NJ, The gas tax in New Jersey is increasing by 9.3 cents per gallon on Thursday, October 1. This will bring the gas tax total in New Jersey to 50.7 cents. Diesel will also be taxed by 57.7 cents per gallon. This is because less gas was sold in New Jersey during the 12 months ending in June 2020.
Continue reading Gas Tax Going Up This Week, Double Hit to Commuters
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Ridgewood NJ, In an effort to create a balanced, stable, and cost-effective energy mix in New Jersey, today Affordable Energy for New Jersey (AENJ) released its energy policy whitepaper, Energizing Our Economy. The whitepaper aims to create a productive dialogue with state leaders to discuss how New Jersey can use energy infrastructure investment to kickstart our economic recovery from the COVID-19 recession and keep energy costs manageable for residents in the long term.
Continue reading Affordable Energy for New Jersey The Key to Spurring Economic Recovery
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Trenton NJ, Noting that Governor Phil Murphy has repeatedly cited and exercised vast executive authority to respond to the current public health emergency, Senator Steven Oroho (R-24) called for the governor to abandon consideration of a 9.3 cent/gallon gas tax increase that was announced by the Treasury Department on Friday.
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Trenton NJ, Sal Risalvato, Executive Director of the New Jersey Gasoline, Convenience, Automotive Association (NJGCA) issued the following statement regarding the Treasury’s announcement that the tax on gasoline and diesel motor fuel will be increased by 9.3¢ a gallon starting on October 1st:
Continue reading Gas Tax Increase Hurts First Responders , Small businesses and Essential Workers
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Trenton NJ, After a thorough review of fuel consumption statistics and consultation with the Legislative Budget and Finance Officer, the Department of the Treasury announced on Friday that lower fuel consumption trends, which have been exacerbated by the COVID-19 pandemic, will necessitate a gas tax increase of 9.3 cents per gallon in order to ensure compliance with the 2016 law that requires a steady stream of revenue to support the state’s Transportation Trust Fund (TTF) program.
In 2019 the Reason Foundation confirmed what New Jersey drivers may have had a hunch,the state has some of the worst road conditions in America ranking dead last in a new report on the country’s highway system.According to the annual highway report, released by the Reason Foundation, New Jersey has the worst urban traffic congestion in the U.S.
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Morristown NJ, As many of us are driving more lately, some utilizing public transportation again and some fortunate residents are just returning to work, observations regarding the continued state of disrepair of many roads and bridges in New Jersey have resurfaced. Along with those observations comes some questions the Garden StateInitiative (GSI) believes the public should be asking of our leaders in Trenton. What should we have expected to get from our Gas Tax money? And why would we keep paying more until we see better results?
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Trenton NJ,after his 2020 State of the State address, Governor Murphy struck back at criticism that looks for ways to tax the residents of New Jersey, during a Q and A with reporters following the launch of his Jobs NJ initiative.
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Ridgewood NJ, State Treasurer Elizabeth Maher Muoio announced today that New Jersey’s current tax rate on gasoline and diesel fuel will remain stable for the coming year at 41.4 cents and 48.4 cents per gallon, respectively.
As required by law, the Department of the Treasury conducted a detailed review of fuel consumption data, and the Treasurer consulted with the Legislative Budget and Finance Officer, in order to make this year’s determination in compliance with the 2016 law (Chapter 57) that requires a steady stream of revenue to support the state’s Transportation Trust Fund (TTF) program.
Continue reading NO Increase for NJ Gas Tax Rate for Coming Year
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Ridgewood NJ, According to the annual highway report, released by the Reason Foundation, New Jersey once again has the worst urban traffic congestion in the U.S.
The garden state is also among the worst when it comes to urban pavement conditions and that’s despite a massive increase in gas tax and spending more money per mile on road repairs than any other state.
Continue reading Despite a Massive Increase in Gas Tax New Jersey Roads are Terrible
“legislation that pressures our own DOT to fill potholes caused by its own mismanagement”
from Assemblyman Kevin J. Rooney
“I hope that you and your family are enjoying the summer as we enter August. Soon, the back to school sales will begin and if you drive to work, the morning commute will get a bit longer again. Back to school also means there will be more cars on the road. This month, I would like to address something I have briefly mentioned to you previously: our crumbling infrastructure.
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Fairleigh Dickinson University, Madison, New Jersey, July 10, 2019– Garden State motorists are not seeing the effects to the state’s roads and bridges from recent rate gas tax hikes, according to a joint survey from the Fairleigh Dickinson University Poll and the International Union of Operating Engineers Local 825. Despite increases of more than 27 cents a gallon total since 2016, a third of all adults say the quality and safety of New Jersey’s roads, bridges, and tunnels is getting worse. In addition, a third have experienced car damage as the result of potholes or other road imperfections in the past year.
Continue reading Fairleigh Dickinson University Poll: Motorists Not Seeing Benefits Of Recent Gas Tax Increases
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Trenton NJ, On Monday, the Office of Legislative Services analyst David Drescher warned state legislators that a dip in fuel consumption could trigger an automatic increase in the “gas tax” again this upcoming October.
“The Office of Legislative Services forecast assumes that the statutory target will be met for fiscal year 2020, which might necessitate a further increase in the tax rate if consumption does not substantially increase between now and the fall,” said Drescher.
New Jersey’s gas tax rose 22.6 cents to 37.1 cents per gallon back in October 2016 following a widely-panned deal struck between then-Governor Chris Christie and Democrat legislative leaders.The controversial law includes an automatic annual increases to fuel consumption.
Continue reading Trenton Warns “Gas Tax” Could Rise in October !
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Trenton NJ, according to Steven Malanga is the senior editor of City Journal, Federal Highway Administration data on revenues that the states have available for spending on roads, bridges, and mass transit New Jersey collected the seventh-highest transportation revenues of any state, even before it raised its gas tax and every state that spent more was considerably larger.
Continue reading New Jersey Now Collects More Revenue Per Capita from Drivers than Any Other State