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Transportation Fund

Wednesday, December 26, 2012

Maryland Could Raise Gas Tax for First Time in 20 Years

Additional revenue could fund state transportation projects.

  While gas prices have been lower since Hurricane Sandy, a Blue Ribbon Commission has recommended increasing taxes on gas to help raise $800 million in annual funding for the Maryland Transportation Trust Fund, according to a recent WTOP story. Each gallon of gasoline carries a $0.235 state tax, a figure that has been level since 1992, but with the transportation fund being raided to help balance the state's budget, lawmakers may consider raising it during the 2013 General Assembly, according to the report. Gus Bauman, who chaired the commission that recommended the increased tax (in addition to upping roads tolls and fares, fees to trains and busses, as well as vehicle registration licensing and titling) told WTOP: "I'm absolutely …

hongfeng

10:32 pm on Tuesday, January 8, 2013

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