NJ A4011

Extends the New Jersey Transportation Trust Fund Authority's bonding authorization through June 30, 2029, with a cap of $15.6 billion in transportation program bonds for the period beginning when the constitutional amendment takes effect through that date

Establishes annual appropriation limits from the Transportation Trust Fund ranging from $2 billion in fiscal years 2025-2026 to $2.185 billion in fiscal year 2029, with additional amounts in later years allocated 25% each to counties, municipalities, Department of Transportation, and NJ Transit

Imposes new annual registration fees on zero-emission vehicles starting at $250 in fiscal year 2025 and increasing $10 annually to $290 by fiscal year 2029 and thereafter, with revenues credited to the Transportation Trust Fund for capital projects only

Sets new highway fuel tax revenue caps for fiscal years 2025-2029, starting at $2.032 billion in FY2025 and increasing annually to $2.366 billion in FY2029, with the State Treasurer authorized to adjust tax rates to meet these targets

Increases minimum local aid appropriations from $400 million annually to higher amounts in later years, with additional allocations split between county and municipal transportation projects