Protecting transportation funding with a gradual fuel tax. (HB 2130)
Legislative Action Summary
Due to the volatility of gas prices, transportation funding tied to fuel taxes is inconsistent and often insufficient. HB 2130 would, in the Northern Virginian counties with a need for greater public transportation funding, allow for a gradual increase in the fuel tax as the price of gas goes down, capped at $0.14/gallon. The tax will remain at the higher level once raised, so that long-term transportation funding is increased.
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