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TRENTON, NJ-It wasn’t nearly as close as the Presidential race in Florida…65% of those who voted in New Jersey said yes to a ballot measure that would shift an average of close to $400 million per year in existing tax revenues from gas and new car sales to make some major improvements in the Garden State’s congested highways and mass transit system. The $400 million per year would be applied over the next four years.

Specifically, gas tax proceeds amounting to $100 million would be applied during the first fiscal year of the program, rising to $200 million each year thereafter. For the auto sales tax, at least $80 million would be applied in the first year, $140 million in the second year, and $200 million thereafter. The total transportation improvement package adds up to a minimum of $1.4 billion.

Specific projects haven’t been outlined yet. A detailed plan is expected shortly.

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