
California has passed a bill to increase gas excise tax on regular gas by 12 cents per gallon and 20 cents per gallon on diesel. This is the first gas tax increase in 23 years for California that is expected to bring in $5.2 billion a year, still many residents are not happy as California has the highest fuel prices in the nation.
Key Takeaways:
- A bill to raise fuel taxes that could bring in $5.2 billion a year has advanced through the California legislature.
- The money will be used to support California’s aging transportation infrastructure.
- Republicans argued against the bill because the state already has the highest fuel prices in the nation. Environmentalists fear it will delay the impact of clean air regulations.
“A bill to raise fuel taxes that could bring in $5.2 billion a year has advanced through the California legislature and needs only to be signed by Gov. Jerry Brown (D) before going into effect.”