NEWARK, N.J. (AP) — New Jersey’s gas tax could jump from the country’s second-lowest to one of the highest by Friday, and that has motorists across the state calculating the potential costs.
The Democrat-led Assembly early Tuesday passed legislation that would raise the tax by 23 cents per gallon right before the Fourth of July weekend to fund road and bridge work.
The gas tax hike would be accompanied by a sales tax cut from 7 percent to 6 percent over 18 months.
The measure heads to the state Senate on Thursday.
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Many residents are skeptical the sales tax cut will offset the gas tax increase.
Republican Gov. Chris Christie said the sales tax cut would save an average person about $465 a year, while the gas tax would cost about $200 per person.