New Jersey says it will use the extra money to boost the state's transportation trust fund and improve their transportation infrastructure
The state raised the target for its transportation trust to $2.37 billionThe EV registration fee could raise $61.3 million in the first fiscal yearThe state's annual fuel levies are estimated to increase by 2 cents If you live in New Jersey and drive a gas, diesel, or electric vehicle, you will soon have to pay more as the government looks to raise funds for new infrastructure projects.
This fee will funnel funds into the transportation trust fund and help to pay for road, rail, and bridge works. “America depends on the strength of New Jersey’s transportation system,” Murphy said when signing the bill this week. “If our infrastructure falls behind, our entire economy falls behind, and worst of all, our families would pay the highest price in the forms of costly delays and missed opportunities.
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