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New Jersey Governor Christie signs gas tax hike, restarts halted transportation projects
Reuters: New Jersey Governor Chris Christie on Friday signed into law a gasoline tax hike of 23 cents a gallon and ordered that stalled bridge, road and transit projects be restarted.
A week ago, lawmakers agreed to increase the state gas tax, which had not been raised since 1988, to 37.5 cents per gallon in order to replenish the nearly broke fund that pays for many transportation projects.
In early July, Christie halted all but the most essential projects paid for with the state's Transportation Trust Fund, including $2.7 billion of NJ Transit projects, because he and lawmakers could not agree on how to fund the program.
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