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New Jersey Ends Road Funding Crisis

Drivers will pay 23 cents more per gallon at the pump

October 03, 2016

Gov. Chris Christie and Democratic leaders announced Friday they have reached a deal for transportation funding that will raise New Jersey's gas tax by 23 cents a gallon, ending a summer-long standoff and statewide construction freeze. The compromise struck Friday afternoon also eliminates the estate tax, eases taxes on retirement income, boosts the Earned Income Tax Credit for the working poor and creates a tax deduction for veterans.

For motorists, the higher gas taxes could come in early October. But it will be offset somewhat by a reduction in the sales tax from 7 percent to 6.875 in 2017 and 6.625 percent in 2018.

For more details, read N.J. Raising Gas Tax 23 Cents To End Road Funding Crisis here.

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