California Raises Gas Taxes, Vehicle Fees to Fund Road Repairs

California will be increasing taxes on gas and vehicle fees. They are going to use the extra dollars to repair roads etc. Consumers expected to be set back 10 dollars. I don’t think this fair to the California residents.

Key Takeaways:

• On Friday, California Governor Jerry Brown signed off on a bill that will raise $5.2 billion a year for mass transit initiatives as well as road and bridge repairs.
• Over the next 10 years, California expects to raise $52 billion, of which $34 billion will go toward repairing roads, bridges, highways, and culverts, while $7 billion is earmarked for mass transit.
• Safe and smooth roads make California a better place to live and strengthen our economy,” Brown said. “This legislation will put thousands of people to work.

“California has approved a bill that will increase gas taxes and vehicle fees to fund transportation projects across the state. On Friday, California Governor Jerry Brown signed off on a bill that will raise $5.2 billion a year for mass transit initiatives as well as road and bridge repairs. The bill ushers in the first gas tax increase the state has seen in 23 years.”

http://www.motortrend.com/news/california-raises-gas-tax-vehicle-fees-fund-road-repairs/