TRANSPORTATION TRUST FUND Notwithstanding earlier reports that Governor Murphy had signed into law A-4011 (Calabrese D-36/Wimberly D-35)(Sarlo D-36/Scutari D-22), he is expected to do so early next week as the measure would reauthorize the Transportation Trust Fund (TTF), revise the gas tax calculation, and establish an annual fee for zero emission standards. NJAC testified in support of the legislation before committees in both houses as the measure reestablishes a stable, dependable, and long-term source of constitutionally dedicated funding that will continue to ensure a safe and reliable...

FISCAL YEAR 2025 STATE BUDGET On February 27th, Governor Murphy delivered the Fiscal Year 2025 State Budget before both house of the State Legislature at the State House in Trenton. NJAC will spend the next several weeks reviewing the $55,900,000,000.00 billion dollar spending plan and will testify at public hearings before budget committees in both houses later this month. Please note that although you may review the “Budget in Brief” at www.nj.gov/treasury/omb/publications/25bib/BIB.pdf, the document only provides a summary of the Governor’s budget recommendations. The State Office of Manag...