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NJ Gas Tax Won't Be Raised This Year

gas station

New Jersey's gas tax won't be going up again this year.

The law that raised the tax 23-cents-a-gallon last November requires the state to determine annually whether it's generating enough money for transportation projects.

The state treasurer says the tax rate won't need adjustment this year.

Sal Risalvato, executive director of the New Jersey Gasoline, Convenience Store, and Automotive Association, is concerned that might change in the future.

"If there is not enough revenue that is taken in, the tax can be adjusted upwards.  However, in subsequent years if then the amount of revenue that is taken in is more than projected, it can be lowered with a floor of the 23 cents that was added last year."

Last year's increase was the first time the state raised the gas tax since 1988. It's projected to generate about $1.2 billion annually for the Transportation Trust Fund.