Votes to raise New Jersey gas tax by 23 cents postponed until Friday

- New Jersey lawmakers postponed their votes on raising the nation's second lowest gas tax by 23 cents a gallon. 

Senate President Steve Sweeney said Wednesday lawmakers will return and vote on the measure on Friday. A spokesman for Assembly Speaker Vincent Prieto confirmed the Assembly will also consider the agreement reached between leaders and Republican Gov. Chris Christie on Friday as well.
 
The Senate vote was expected at 10am, and the Assembly vote was expected at 12 noon.
 
If passed, the agreement would raise New Jersey's gas tax -- the second-lowest in the nation -- from 14.5 cents to 37.5 cents a gallon. That would still be lower than neighboring New York and Pennsylvania, but higher than Alaska, which at 12.25 cents a gallon has the lowest gas tax in the country.

The legislation would set up a $2 billion-a-year transportation trust fund for road, bridge and transit work. It includes cuts in sales, estate and other taxes.

Christie, Sweeney and Prieto reached their deal on the fund last Friday, three months after the previous fiscal year's account expired.
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