NJ’s gasoline tax dropped on Friday but don’t be dazzled

New Jersey’s gasoline tax is expected to generate $ 2 billion a year for the Transportation Trust Fund. It hasn’t always been that way.

Under Chris Christie in 2016, the law was changed as an often searched transportation fund was exhausted. Instead of holding those who made it responsible for wrongdoing, the legislature simply increased the gasoline tax and changed the law.

Now it is based on consumption. If it turns out that the driving was not enough to provide enough fuel, and therefore enough money, the gasoline tax goes up. If it’s more than enough, the tax goes down.

This time it goes down.

New Jersey gas tax on Friday fell 8.3 cents per gallon. But keep in mind that as of last October, it had risen by 9.3 cents. What is that old political question that you are better off about today than four years ago? In this case, it is enough to look at a year. And no, you are not.

But don’t look at the 8.3 cent drop. See what it brings him to. The gasoline tax is now 42.4 cents per gallon. Do you know what it was BEFORE they corrected their own wrongdoing with that gasoline tax hike in 2016? 14 and a half cents a gallon. One of the lowest in the country. One of the few things New Jersey could be proud of. They made sure to fix that, didn’t they?

So before you start celebrating that wonderful 8 cents less per gallon, remember that you are still paying 42.4 cents per gallon, which is about a dime more than when they first fucked you with it. the 2016 hike.

We have gone from one of the lowest gasoline taxes in the United States to one of the highest. Not everyone voted for it. Then Assembly Member Jack Ciattarelli, now running for governor, certainly did not. But those who did would love it if you swoon at that 8-cent drop and feel like you’re getting a gift. In fact, the thief simply dropped one of your cufflinks when leaving your house.

The above post reflects the thoughts and observations of New Jersey 101.5 talk show host Jeff Deminski. All opinions expressed are those of Jeff Deminski.

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