June 10, 2016

Asbury Park Press: HARRISON: Fulop has best gas tax plan

media mention

“Fulop notes that our state economy is dependent upon a strong infrastructure, and a variable rate increase in the gas tax — with a low-end threshold to ensure that trust fund budgetary obligations are met — means that New Jerseyans will be protected if gas prices increase drastically. Fulop’s idea to index the tax to inflation is supported by the nonpartisan research Institute on Taxation and Economic Policy, and reflects the recognition that the fix to the trust fund structure needs to be a permanent one, similar to the structure envisioned by Republican Gov. Tom Kean when he signed the bill creating the Transportation Trust Fund. Fulop’s plan protects New Jerseyans and the trust fund from politicians, so that as both wages and the costs of concrete, asphalt and other materials increase over the years, so too does the ability of the state to pay.”

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