New Jersey voters will decide whether the proceeds from the state’s gas tax go into a constitutional lockbox when they go to the ballot box next week.
The question has support from lawmakers in the Democrat-led Legislature and Republican Gov. Chris Christie. But recently Republican Lt. Gov. Kim Guadagno and others are now calling for voters to reject the question in protest of a new 23-cent hike in the state’s gas tax.
Opponents say a no vote forces lawmakers “back to the drawing board.”
They argue that without voter approval that $12 billion in new borrowing would be halted.
But the Christie administration and lawmakers dispute the opponents’ reading of the law and say the question merely puts a cap on what can be borrowed.