
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/