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Fueling the Future: NJ Gas Tax Jumps 4.2 Cents on Jan. 1, 2026

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New Year, Higher Price: The Mandated Gas Tax Increase

the staff of the Ridgewood blog

Ridgewood NJ, New Jersey motorists should brace for a price hike at the pump starting January 1, 2026. The State Department of the Treasury, following a mandatory annual review, announced that the total state tax rate on gasoline will increase by 4.2 cents per gallon. This increase is necessary to fund the state’s critical Transportation Trust Fund (TTF), which finances roads, bridges, and mass transit projects across New Jersey.

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First Round of Funding from the $125 Million Library Construction Bond Act Awarded

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the staff of the Ridgewood blog

Ridgewood NJ, Governor Phil Murphy today delivered to the Legislature a list of proposed projects for the first round of funding from the Library Construction Bond Act (LCBA). The Library Construction Bond Act authorized $125 million in state bonds to fund critical improvements to New Jersey public libraries. The bond issuance was approved by New Jersey voters in November 2017 and all applicants were required to identify a 50 percent match to fund their proposed projects.

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