![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
NEW FEES & TAXES - USA - Idaho gov's plan: Raise $174M in 5 years for roads
ID,USA -The Associated Press/MSNBC -Jan. 20, 2009: -- Idaho Gov. C.L. "Butch" Otter aims to phase in tax and fee increases to raise $174 million annually after five years for highways and bridges. His proposal would generate $47 million the first year. To win over skeptics, he's touting efficiency measures at the Idaho Transportation Department, such as a 10 percent cut in administration costs and an annual accountability report. Here's how he'd raise the money:
GAS TAX: Idaho's current fuel tax rate is 25 cents per gallon, unchanged in 13 years. Otter would raise it two cents a year over the next five, raising $17.6 million more per year, for a total of $88 million.
LIGHT TRUCKS: Registration fees on trucks between 8,000 and 60,000 pounds are now $48 to $311, depending on vehicle weight. That would rise after five years to $120.40 to $561.65. The changes would generate $2.45 million in the first year and a total of $9.3 million in five years.
HEAVY TRUCKS: Otter would raise registration fees on big trucks by 5 percent in the first year, generating $2.5 million. A task force would examine the current registration system, to see if all classes of trucks pay their fair share.
Labels: fees and taxes
posted by Unknown @ 4:51 AM
0 Comments:
Post a Comment
<< Home