Kim Guadagno has rejected the proposal, but Murphy's campaign over the weekend did not respond to requests for comment or clarification on his position on the report after his spokesman told Politico NJ that they "greatly welcome" the report.

"He's already promised at least $1.3 billion in higher taxes, and now Goldman Sachs Millionaire Phil Murphy is trying to avoid questions about adding new tolls on freeways and raising MVC fees," said Guadagno Spokesman Ricky Diaz. "Murphy owes it to the people of New Jersey to reject this plan for higher and additional tolls and fees before the election, or explain why he thinks everyday New Jerseyans can afford to pay more.”

The Florio plan is reminiscent of a plan floated by the last Goldman Sachs governor, Jon Corzine. Corzine once proposed a plan to privatize the Turnpike, add tolls to I-287 and bond against the tolls to raise revenue.

Murphy has called for a dedicated funding stream for transportation, which he called a "multi-hundred-million dollar proposition," but he has not detailed how he would get the revenue needed to fund his plan. Murphy also supported the 23-cent gas tax increase that Kim Guadagno opposed.