There’s only a week left to go before the current finance plan for the state Transportation Trust Fund expires. Lawmakers this morning are scheduled to consider a bill to renew the fund for another 10 years with $2 billion in annual spending. They’re also planning to vote on a bill that would raise the state gas tax by 23 cents to pay for the transportation-fund renewal, while cutting a number of other taxes, including the estate tax.
The two bills are the result of a bipartisan “tax-fairness” agreement between lawmakers in the Senate and Assembly. But it’s doubtful Gov. Chris Christie will support the plan, and also unclear is whether there will be enough votes in both houses and from both parties to override a possible veto.