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Elizabeth Maher Muoio: Latest News

All news where Elizabeth Maher Muoio is mentioned

30.08.2022 / 15:09

New Jersey's gas tax will drop but don't expect much relief

TRENTON, N.J. - The gas tax in New Jersey will fall by a penny a gallon, or about 2% — the second straight year the levy has declined, Gov. Phil Murphy's administration said Monday.The tax rate combines two different levies that are commonly known as the gas tax in the state and would fall from 42.4 cents a gallon to 41.4 cents."Because actual consumption in Fiscal Year 2022 was moderately above our projections made last August, and consumption in the current fiscal year is projected to be slightly above last fiscal year’s levels, our analysis of the formula dictates a 1.0 cent decrease this coming October," said State Treasurer Elizabeth Maher Muoio in a statement.

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NJ gas tax rate will decrease by 8.3 cents per gallon starting Oct. 1

Gas prices TRENTON, N.J. - The New Jersey gas tax rate will decrease by 8.3 cents per gallon beginning Oct 1.Officials made the announcement Tuesday after a thorough review of fuel consumption statistics and consultation with the Legislative Budget and Finance Officer. MORE HEADLINES:"Because actual consumption in Fiscal Year 2021 was so closely in line with our projections made last August, coupled with the fact that consumption in the current fiscal year is projected to be above last fiscal year’s levels, our analysis of the formula dictates an 8.3 cent decrease this coming October," said State Treasurer Elizabeth Maher Muoio.

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