Tag: fuel tax: Page 4

Roadbuilding

Senate panel delays vote on highway bill patch

The Senate Finance Committee has delayed its vote on a proposed short-term patch that would provide funding for transportation infrastructure projects through Dec. 31, The Hill reports. During a markup of the Preserving America’s Transit and Highways (PATH) Act Chairman Ron Wyden (D-Ore.) agreed to delay a vote on his proposed $9 billion plan. Wyden […]

June 26, 2014

Roadbuilding

Fitch: Gas tax hike should be paired with other revenue sources to fund transportation

Fitch Ratings released a statement on Tuesday noting that a gas tax increase needs to be paired with another revenue source to provide the necessary funding for transportation projects. Fitch pointed to the recently-proposed 12-cent-per-gallon gas tax hike as a “positive first step to address transportation funding in this country” but added that “raising the […]

June 24, 2014

Roadbuilding

Delaware to see raised tolls instead of gas tax hike

Delaware drivers can soon expect an increase in certain tolls, but the state’s gas tax will not rise. That’s because Gov. Jack Markell and his administration are raising tolls on Route 1 by $1 — a move that’s expected to collect $10 million for highway projects, WDDE reports. In addition to the $10 million raised […]

June 21, 2014

Roadbuilding

12-cent gas tax hike could pay for transportation projects

With the current highway bill, MAP-21, nearing expiration and the Highway Trust Fund (HTF), the main transportation funding source, projected to shortfall in just over two months, the search is on for a new way to fund transportation infrastructure projects. Two senators have contributed to the search by suggesting an increase of the federal gas […]

June 19, 2014

Roadbuilding

Lawmaker looks to crude oil tax, indexed diesel tax for Highway Trust Fund solution; Plan would remove gas tax

As the Highway Trust Fund’s insolvency looms, Rep. Peter DeFazio (D-Ore.) has introduced a highway funding plan that would repeal the federal gas tax in favor of other funding options, like taxing oil barrels and indexing the diesel tax to inflation and fleet fuel economy. DeFazio’s Repeal and Rebuild Act is designed to be a […]

June 17, 2014

Roadbuilding

Move over gas tax: California could move to VMT fee

California is considering switching from a state gas tax to a vehicle-miles-traveled (VMT) fee, our sister site Overdrive reports. The state’s Senate approved SB 1077 this month. The legislation would require the California Transportation Agency (CTA) to create a voluntary user fee pilot program by 2016, but CTA would not be allowed to collect fees. […]

June 14, 2014

Roadbuilding

HTF 101: How the Highway Trust Fund works

The Highway Trust Fund (HTF) is a major talking point in the highway construction industry right now, especially because the major funding source is likely to run out of money in less than three months. HTF insolvency would mean projects across the nation would not be able to begin and 700,000 workers would lose their […]

June 12, 2014

Business

Survey finds 68% of Americans want increased federal transportation funding, most willing to pay higher gas taxes

Two-thirds of Americans, or 68 percent, want the federal government to invest more in roads, bridges and mass transit systems, according to the results of a AAA survey released on Tuesday. Additionally, 5 percent of respondents said the federal government should invest less, while 24 percent want transportation spending levels to remain the same. The […]

June 12, 2014

Roadbuilding

Utah transportation panel considers gas tax hike

The state gas tax in Utah may start rising if a proposed hike is approved. The state’s Transportation Interim Committee on Wednesday discussed an annual 1.5-cent-per-gallon increase that would be implemented over the next five years, the Associated Press reported. Utah’s fuel tax, which currently stands at 25 cents per gallon, has not been raised […]

May 22, 2014

Roadbuilding

LaHood touts fuel tax hike at transportation tech summit

Speaking to attendees of the ALK Transportation Technology Summit in Princeton, N.J., former Transportation Secretary Ray LaHood made a case for raising the federal fuel tax by 10 cents a gallon and indexing the level to inflation going forward. With China building infrastructure at a rapid clip, “America is one big pothole,” he said. “It’s […]

May 21, 2014

Roadbuilding

New Hampshire Legislature passes 4.2-cent gas tax increase

The New Hampshire House this week passed a bill that would increase the state’s gas tax by 4.2 cents per gallon, the Concord Monitor reports. The bill is now headed to Gov. Maggie Hassan, who said she intends to sign it. “I look forward to signing this bipartisan legislation into law so we can keep […]

April 24, 2014

Roadbuilding

Foxx: Insolvent transportation system could cost 700k jobs

Transportation Secretary Anthony Foxx said Thursday that if lawmakers don’t fix the nation’s transportation system that is “teetering on the edge of insolvency,” 700,000 people could lose their jobs, The Christian Post reports. Foxx’s warning came during the national convention of Al Sharpton’s National Action Network in New York City, just days before his infrastructure investment […]

April 14, 2014