TTF program - THE RIDGEWOOD BLOG.

the staff of the Ridgewood blog

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.

Continue reading NJ to Hike Gas Tax 9.3 Cents Per Gallon

Senate President Sweeney_theridgewoodblog

By RYAN HUTCHINS

03/14/17 05:32 AM EDT

TRENTON — Democratic lawmakers in the Statehouse are considering major changes to New Jersey’s infrastructure spending program but are being met with resistance from their Republican colleagues.

The complex, 21-page bill (S3075) would enact broad amendments to the law passed last year authorizing the state’s Transportation Trust Fund to spend $2 billion per year on road, bridge and transit projects.

The new measure, sponsored by Senate President Stephen Sweeney, would strip a key transparency requirement, delay the creation of a panel to review the proposals and create a new system by which counties and towns could take over stalled projects. It would also allow the state to “bundle” several related projects, potentially speeding up environmental reviews and engineering work.

Introduced a week ago, the bill was quickly ushered through committee and was scheduled for a vote in the state Senate Monday, but never went on the board. Sweeney said he did not have enough support to call a vote without first sending the bill though a second reading. Such a predicament suggests fairly significant Republican opposition.

https://www.politico.com/states/new-jersey/story/2017/03/lawmakers-seek-changes-to-ttf-program-including-transparency-rollbacks-110344