New Jersey 101.5 video

TRENTON — State lawmakers postponed a vote on raising the nation's second lowest gas tax by 23 cents a gallon.

Senate President Stephen Sweeney said Wednesday lawmakers will return and vote on the measure on Friday. A spokesman for Assembly Speaker Vincent Prieto confirmed the Assembly will also consider the agreement reached between leaders and Republican Gov. Chris Christie on Friday as well.

If passed, the agreement would raise New Jersey's gas tax — the second-lowest in the nation — from 14.5 cents to 37.5 cents a gallon.

The legislation would set up a $2 billion-a-year transportation trust fund. It includes cuts in sales, estate and other taxes.

Christie, Sweeney and Prieto reached a deal on the fund last Friday three months after the previous fiscal year's account expired.

To contact an editor about this story, email New Jersey 101.5 Deputy Digital Editor Sergio Bichao at sergio.bichao@townsquaremedia.com.