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4. Report: NJ highway project shutdown could add 10 percent to construction costs

from Construction Dive

From July 12: Christie wanted to raise the state gas tax by 23 cents and lower the sales tax by 1 percent, which he said balanced the overall state budget. Democrats, however, said his plan would hurt the state budget. Earlier this year, the state announced that its $1 billion transportation fund was nearly empty, which prompted state legislators and Christie to try to come up with an alternate funding measure. All parties seemed to agree on an increase to what is now the nation's second-lowest gas tax but reached a stalemate as to where the budget would be cut. more


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