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Updated financial plan released for Hudson Tunnel Project (access required)

The Gateway Program Development Corporation (GDC) said Aug. 28 it submitted an updated financial plan for construction of the Hudson Tunnel Project (Project). The project includes the construction of a new two-track rail tunnel beneath the Hudson River, the comprehensive rehabilitation of the existing 109-year-old North River Tunnel, and the completion of the third and ...

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NJ drivers to see gas tax go up this October amid record drop in travel (access required)

Under a law enacted in 2016 under then-Gov. Chris Christie, the levy contains a “specific formula to ensure that [gas] revenue is meeting a certain target. When it does not, the gas tax rate has to be adjusted accordingly," State Treasurer Elizabeth Maher Muoio said in a statement announcing the uptick, adding that changes in the rate "are dictated by several factors that are beyond the control of the administration.”

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