Transportation funding formula drives New Jersey gas tax increase
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Starting in October, New Jersey motorists will pay almost a penny more per gallon for gas following a worse-than-expected year for state fuel tax revenue, officials announced.
State Treasurer Elizabeth Maher Muoio said state bond ratings.
Fitch Ratings
Moody’s said the rating incorporated the “contingent nature of the state’s payment obligation, which depends on the annual legislative appropriation of funds.”
S&P Global
