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NJ May Face Gas-Tax Hike
Financial Spread Trading Gov. James E. McGreevey is ruling out an increase in the gas tax to help alleviate the state's budget shortfall. He said, as of Thursday, that he does not believe an increase would help the state's financial woes.
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Nfl Betting Spread "A gas tax wouldn't even begin to solve the problem," McGreevey said during an interview on WCBS 880 radio. "It does not offer a rational or comprehensive solution to the deficit."
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Commodity Spread Trading But earlier in the day, acting Transportation Commissioner James P. Fox said several lawmakers had told him a gas tax was necessary, and had declined to rule it out.
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Betting Exchange Spread At his confirmation hearing before the Senate Judiciary Committee, Fox said the state's transportation projects need funding.
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Advanced Commodity Spread "I'm not prepared to say right now that the gas tax is ready to go," Fox said. "I'm not in a position to do that now."
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Online Spread Betting The nomination of the former aide to Sen. Robert Torricelli, D-N.J., was approved by the committee. It goes next to the full Senate for a vote.
Stock Spread Trading Earlier this week, New Jersey Policy Perspective, a liberal advocacy group, released a report calling for a 10-cent per gallon increase on the gasoline tax. The report also said the state should raise registration fees for large, heavy vehicles.
Betting Horse Racing Spread According to the group, only Georgia and Alaska have a lower gasoline tax than New Jersey.
Complete Guide Spread Trading Officials with southern New Jersey's tourism industry say a gas-tax hike would be bad for the region.
Sport Spread Betting They say shore resorts are taking advantage of a customer base that, since the terrorist attacks of Sept. 11, wants to drive instead of fly.
Low Spread Forex Trading Hiking the gas tax would hurt that effort.
Trading Spread And Seasonals "Raising the gas tax is always a negative for regions like the Ocean City region because people who travel here mostly travel by car," said Joann delVescio, executive director of the Greater Ocean City Chamber of Commerce.
Betting Guide Insider Sports Raising the gas tax would also affect the city's bus trade, which comes primarily from eastern and midwestern Pennsylvania, she said. Bus company operators will have to pay more for gas, and that will only be passed on to customers, she said.
Arbitrage Spread Trading "We are holding most of the accommodation rates to the level of last year, so we don't need to take a hit somewhere else," delVescio said.
Betting Spread Successful Cape May County Chamber of Commerce Executive Director Robert Patterson said motels in the county's shore resorts are reporting high bookings, with some in Wildwood and Wildwood Crest fully booked for the summer.
College Football Betting However, he said, many hotels depend on "street trade," or tourists who don't make advance reservations, for about 50 percent of their business.
Betting Point Spread On Nfl Increasing the cost of a gallon of gas my cause some of those potential customers to think twice about driving to the shore for a day or short-term stay, he said.
Betting Point Spread "You're looking at tank of gas at $30, and that would hurt us," said Patterson, noting how he is paying about 12 cents more per gallon of gas now than he did only about a week ago.
Super Bowl Betting Spread The Press of Atlantic City - 3/15/2002
Topic: Petroleum Industry
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