New Jersey is considering a law that would give cities the option of implementing a new 3.5% parking tax on public and private parking facilities.
"The New Jersey state assembly passed a bill Monday that would allow the state's largest cities to impose a parking tax to fund capital improvements for pedestrian access to public transit stations," reports Katie Pyzyk. "That could include — but is not limited to — bridges, tunnels, platforms, elevators, escalators, stairways and walkways."
With a population cut-off of 100,000 residents, the new tax option would only apply to six cities: Newark, Jersey City, Paterson, Elizabeth, Edison, and Woodbridge. As noted by Pyzyk, the new tax is not a mandate, but it gives cities the option to implement the additional tax.
The bill still has to proceed through the State Senate before approval. Earlier coverage by Michael Symons detailed the bill when it moved out of committee earlier this month.
FULL STORY: New Jersey cities may raise parking taxes under new bill
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