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NJ Gas Tax and Pensions ?>

NJ Gas Tax and Pensions

The New Jersey Legislature raised the state motor fuels tax on 1 November 2016.  A week later, voters endorsed a measure to dedicate those gas taxes to transportation projects.  The combination of those events under NJ law makes possible the issuance of $12 billion in Transportation Trust Fund bonds. It was only a matter of time before politicians started scheming to capture some of the billion dollar a year revenue flow from the gas tax increase.  Steve Sweeney has proposed…

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Who’s on Two? ?>

Who’s on Two?

Details of the effects of New Jersey ballot question are here.  No mystery. I concluded to vote NO on Two.  Who shares my view?  Who supports Two?  And most telling, who is keeping silent? Proponents of NJ Question Two (the “lockbox”) You may have gotten an email, a flyer, or a robo-call asking for your support on Q2.  This public relation campaign, $1.6 million dollars’ worth, is being paid for by a group of interested business associations. Business organizations Dedication…

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NJ Ballot Question 2 – Gas tax lockbox ?>

NJ Ballot Question 2 – Gas tax lockbox

Why are we arguing over New Jersey ballot question 2?  Because we’re not all in possession of the same facts. On 1 November, the New Jersey gas tax increased.  That’s a done deal.  No matter what you are told, we are unlikely to see a rollback.  On 8 November, NJ voters will be asked to vote to change the NJ Constitution to dedicate motor fuel revenue to the Transportation Trust Fund.  That is a different question.  It will not affect…

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NJ Gas Tax and Ballot Measure 2 ?>

NJ Gas Tax and Ballot Measure 2

The New Jersey Assembly voted to increase the motor fuel tax by 23 cents.  The governor has signed it.  It’s a done deal, effective 1 November. On 8 November, NJ voters will be asked to vote to change the NJ Constitution to dedicate motor fuel revenue to the Transportation Trust Fund. That is a different question.  It will not affect what you pay at the pump. I don’t want to see the price of gas go up any more than…

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NJ Gas Tax 4 October 2016 ?>

NJ Gas Tax 4 October 2016

The New Jersey Assembly has been arguing the 23 cent gas tax since June.  The package includes a reduction in the sales tax and reductions in retirement and estate taxes. I don’t want to see the price of gas go up any more than anyone else.  We need it, though, to put some cash back in the Transportation Trust Fund.  That doesn’t mean we should allow the TTF to be a feeding trough, though.  NJTransit just gave a huge pay…

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NJ Sales Tax: What I wrote to my Senator ?>

NJ Sales Tax: What I wrote to my Senator

To Senator Tony Bucco (R-Morris) I write in support of a sales tax reduction. This is a rare opportunity to work with Democrats to reduce the tax burden on New Jerseyans. ### Over the last twenty years, increasing taxes and an oppressive regulatory climate have driven individuals and businesses from the state.  This is your chance as a Republican to put a finger in the dike. Sure, we need to repair roads and a new tunnel to NYC.  We shouldn’t…

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NJ Sales Tax ?>

NJ Sales Tax

The New Jersey Assembly voted on Tuesday (28 June) for a 23 cent per gallon gas tax increase, coupled with a one percent reduction in the state sales tax.  This deal between the Democrat-controlled Assembly and Republican Governor Chris Christie would reduce the overall tax burden on New Jersey residents.  The state has among the highest taxes in the nation. Net decrease in taxation The deal would increase motor fuel taxes on 31 June, just in time to avert a…

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NJ Gas Tax ?>

NJ Gas Tax

28 June 2016 The New Jersey Assembly voted early this morning for a 23 cent per gallon gas tax increase.  If the Senate agrees and it is added to the existing 14.5% tax, NJ will have the seventh highest gas tax in the country, but still lower than New York and Pennsylvania. Currently, New Jersey has the second lowest gas tax in the country, after Alaska.  And we don’t pump our own fuel. New Jerseyans dodged a bullet.  Lawmakers were…

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