Gasoline taxes and motor vehicle fees have risen slowly over the past 12 years. New Jersey’s gas tax is 10.5 cents a gallon and one of the lowest in the nation. Because it is a per-gallon tax, it does not rise with gas prices, which have soared in recent years. Gas taxes are projected to bring in $572.6 million next year, just 13 percent more than in FY2000. Motor vehicle fees are projected to bring in $398.5 million next year, just 4 percent more than in FY2000. To put that gas tax increase in perspective, overall state spending and state tax revenues both rose almost 50 percent during that same time period. Motor vehicle fees available for use in the general state budget are projected to bring in $398.5 million next year, just 4 percent more than in FY2000. That figure, however, does not include $311 million in additional motor vehicle fees counted as “other revenue” that was shifted off-budget when the New Jersey Motor Vehicle Commission was created in FY2003; off-budget motor vehicle fees totaled just $27 million in FY2000.
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