FUTURE PRIMATE

Governor proposes ‘radical’ shift in transportation funding

Governor proposes ‘radical’ shift in transportation funding

Virginia’s gasoline tax would be eliminated and its retail sales tax would increase from 5 percent to 5.8 percent under a transportation funding plan Gov. Bob McDonnell unveiled Tuesday.

The governor’s proposal also would increase vehicle registration fees, impose a $100 annual fee on alternative fuel vehicles and shift revenue from the state’s general fund to provide more dollars for roads, rail and transit. McDonnell said the complete funding package could generate more than $3.1 billion in additional transportation funding over the next five years.

This entry was published on January 13, 2013 at 9:22 pm. It’s filed under Politics and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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