Neither a proposed estate tax cut nor the near-bankruptcy of the Transportation Trust Fund has convinced New Jersey residents to get behind an increase in the state's gas tax, according to the latest Rutgers-Eagleton poll out Thursday.
The lame duck session of the New Jersey Legislature officially got underway Thursday with dueling press conferences by Democratic and Republican leaders in the Assembly. A key focus was replenishing the Transportation Trust Fund (TTF), and lawmakers from both sides of political aisle made it sound as if a gas tax increase was all but certain.
While the debate continues to swirl around Trenton on how best to fund the state's Transportation Trust Fund (TTF), talk of using a gas tax hike as a revenue raiser is expected to gain momentum this fall once the Assembly returns from its summer vacation.
As New Jersey lawmakers continue to argue over how best to fund the nearly bankrupt Transportation Trust Fund (TTF), a pool of money used to fix the state's roads and bridges, a new concern has been brought to the table.
Despite all the talk about hammering out a deal to find a dedicated funding source for the New Jersey Transportation Trust Fund, lawmakers and Gov. Chris Christie have not been able to reach an agreement yet. If no deal is reached by July 1, the TTF will officially go bankrupt and most road and bridge projects will be halted.
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