Governor Christie and Democratic Officials have come to an agreement to end the transportation funding crises by agreeing to a hike to the state's gasoline tax by 23 cents a gallon. The agreement ends a stalemate since the summer that put a halt to virtually all state transportation projects when Governor Christie pulled the plug on all projects until a deal could be reached. In addition to the gas tax hike, the NJ estate tax would be phased out by 2018. NJ State sales tax would also be lowered to 6.625% by 2018. It remains to be seen whether the gas tax increase and offsetting estate and sales tax decreases will be enough to fund the transportation fund, which has been virtually depleted under Governor Christie's watch. Click
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