The state will also be eligible for matching funds from the federal government. After dropping out himself, Christie was the first of the former GOP primary candidates to endorse Trump, and Christie was tapped to lead Trump's presidential transition team.
Following negotiations with Democrats controlling the state Legislature, the Republican governor agreed to the gas tax increase in exchange for cutting the estate tax and lowering the sales tax.
The repeal is part of the tax package increasing the gasoline tax and dedicating those revenues to transportation infrastructure following the recent Hoboken train accident.
"I'm proud of everything I've said, and that's all I can control".
Bateman, who opposed and voted against the gas tax increase last week, also announced the launch of a new online petition to give drivers and commuters the opportunity to have their voices heard.
He lifted the executive order shutting down statewide non-essential construction projects after the tax increase was finalized.
"I did the right thing", Christie said.
New Jersey now imposes an estate tax on the estates of decedents who were New Jersey residents at the time of their deaths.
But the tax cuts will open a $1 billion budget hole by 2021, according to Moody's Investors Service. "Lawmakers have a responsibility to not harm already struggling residents through our state's tax policy, and that's what this effort to repeal the gas tax increase is all about". The money will go towards funding a $16 billion transportation program.
A ballot question next month will ask voters to dedicate all new gas tax revenue to transportation projects.