The New Jersey Motor Vehicle Commission (MVC) is facing a $50 million deficit for the 2025 fiscal year. According to Chief Administrator Latrecia Littles-Floyd, rising operating costs and operation changes have contributed to the deficit.
To address the shortfall, the MVC may have to increase fees for the first time in years. Littles-Floyd stated that the agency has relied on cost-saving measures in recent years to avoid passing costs onto New Jersey drivers. However, she emphasized that the MVC can only cut so many costs before they begin to impact services.
“We do know that we have to look at some of our fees long and hard. Although we didn’t increase anything for fiscal year 25, we know that realistically we have to go back to the table and really take a look at where we can make some increases,” said Littles-Floyd.
The MVC did not include any fee increases in its budget for the upcoming fiscal year. The last time the MVC raised fees was in 2020 when it increased vehicle registration fees by $1.
