Tag: New Jersey transportation funding

Roadbuilding

New Jersey legislators approve additional $400 million for transportation projects

The New Jersey general assembly has approved “supplemental appropriation” for an additional $400 million to be spent on transportation projects, according to a report by NBC 10. This legislation, now in the hands of Gov. Chris Christie, would provide $140 million for transit and $260 million for bridge and road projects. The funds, which would be […]

March 27, 2017

Roadbuilding

Gov. Christie signs New Jersey bill increasing gas tax for Transportation Trust Fund

Gov. Chris Christie has signed the legislation recently approved by the New Jersey General assembly that increases the state’s gas tax by 23 cents per gallon to provide increased revenue to the Transportation Trust Fund (TTF). An impasse on previous legislation to raise the gas tax without agreeable offsetting tax cuts led Christie to shut […]

October 18, 2016

Roadbuilding

Contractors, workers suffering after one month of N.J. transportation project shutdown

One month after New Jersey Gov. Chris Christie ordered a shutdown of Transportation Trust Fund (TTF) projects due to a funding showdown with the state general assembly, contractors and workers continue to suffer the repercussions. The shutdown affects 900 projects valued at roughly $650 million. Intact projects are those that are funded by the federal […]

August 8, 2016

Roadbuilding

New Jersey Senate committee advances another fuel tax measure

In the next step of the ongoing fuel tax battle waging between New Jersey Gov. Chris Christie and state lawmakers, the Senate Budget and Appropriations Committee introduced S. 2470 calling for dramatic increases in taxes for both the gas and diesel, offset by income and estate tax breaks. The bill would increase the gas tax […]

August 4, 2016

Roadbuilding

N.J. gas tax stalemate causes Christie to shut down Transportation Trust Fund projects

New Jersey Gov. Chris Christie has issued an executive order shutting down Transportation Trust Fund (TTF) projects in reaction to a stalemate over legislation to raise the state’s gas tax. The order calls for all TTFA projects to be shut down by 11:59 p.m. July 2. Christie specifically called out the New Jersey Senate’s inaction […]

July 1, 2016

Roadbuilding

New Jersey officials look to raise gas tax to boost transportation trust fund

New Jersey officials are working on a bill that would raise gas taxes, a move they expect will provide hundreds of millions in additional revenue for the state’s transportation trust fund. Senate bill 2352 calls for an increase in the tax on gasoline from 10 cents per gallon to 21.5 cents per gallon, and on diesel […]

June 21, 2016