- Associated Press - Thursday, June 30, 2016

TRENTON, N.J. (AP) - The Latest on New Jersey’s fund for transportation work (all times local):

11: 15 p.m.

Republican Gov. Chris Christie has issued an executive order calling for all work paid for by the state’s transportation trust fund to shut down by midnight Saturday.

Christie issued the executive order shortly before the state’s $1.6 billion trust fund lost its authority for new borrowing at midnight Thursday and in the absence of a deal with lawmakers to replenish the account.

Christie says the order stems from “Senate inaction” on the fund.

The Democrat-led Assembly approved a plan from Christie that raised the gas tax by 23 cents a gallon while lowering the sales tax from 7 percent to 6 percent.


5:20 p.m.

New Jersey’s fund for road, bridge and transit work inched closer to running dry Thursday after the Democrat-led Senate scrapped any votes on Republican Gov. Chris Christie’s plan to hike the gas tax by 23 cents while cutting the sales tax.

Senate President Steve Sweeney said there just isn’t enough support among senators for a deal backed by Christie and passed Tuesday in the Democrat-led Assembly.

That measure would provide for an eight-year plan at $2 billion per year, financed by a 23 cent tax hike on fuel. It would be offset by cutting the sales tax from 7 percent to 6.5 percent in 2017 and to 6 percent in 2018.

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