On Monday, the Department of the Treasury announced that New Jersey’s gas tax rate will increase by 2.6 cents per gallon beginning January 1, 2025, to support the State’s Transportation Trust Fund (TTF) program. This increase is the result of the 2024 law (Chapter 7), which gradually raises the State’s Highway Fuel Cap from Fiscal Year 2025 through Fiscal Year 2029.
We encourage you to share this information with the appropriate personnel in your municipality.
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110.