New Jerseyans tend to pay the nation’s cheapest gas prices thanks largely to low gas taxes, but Gov. Jon S. Corzine is warning that the tax may have to go up someday to help pay for mass transit and highway needs.
The state hasn’t increased its 14.5-cent-per-gallon gasoline tax since 1988, giving it the nation’s third lowest gasoline taxes.
Corzine emphasized he’s not proposing any increase now.
But he said an increase will need to be considered as the state looks to meet mass transit and highway improvements amid mounting state debt.
“It’s certainly something we have to take into consideration in regard to our transportation capital needs and financial needs for mass transit in particular, so we’ll review that,” Corzine said.