New Jersey Tolls and Gas Taxes Increase Again in 2024

Toll Increases on NJ Parkway and Turnpike

• 📈 Tolls on the New Jersey Parkway and Turnpike are set to increase by 3% starting January 1st.
• ⚠️ This marks the fifth consecutive year of toll hikes in New Jersey.
• 🛠️ The Turnpike Authority states these funds are necessary for the maintenance and improvement of aging infrastructure.

Gas Tax Hike in New Jersey

• ⛽ Drivers will also face a 4-cent increase in the state's gas tax.
• 🌉 The revenue generated is intended to support critical transportation infrastructure needs.
• 📉 Over the past decade, New Jersey's gas tax has risen by 35 cents per gallon.
• 📊 This latest increase positions New Jersey to have one of the highest gas tax rates in the country, potentially the fifth highest.

Impact on New Jersey Residents

• 💸 Critics argue these recurring increases contribute to New Jersey's affordability crisis.
• 👨‍👩‍👧‍👦 Drivers express frustration, calling for state leaders to remember middle-class families and provide tax relief.
• 🗓️ Gas taxes are projected to continue their gradual increase through at least 2029.