Posts Tagged: $52 billion
Traffic on the 405 in Los Angeles, the nation's busiest freeway. (Photo: Joseph Sohm)
California’s new gas tax hike to fund billions of dollars worth of overdue road repairs has only been in effect for a little over a month but Republicans are already trying to overturn it. On Nov. 1, Senate Bill 1, signed by Democratic Gov. Jerry Brown in the spring after a fierce political battle, increased the excise tax on gas by 12 cents a gallon and the excise tax on diesel fuel by 20 cents a gallon.
Motorists along the Ventura Freeway in Sherman Oaks. (Photo: Oscity, via Shutterstock)
A California transportation plan of historic proportions has been approved – but what happens next? First, is the 12-cent increase in the fuel tax, starting in November. Then, other taxes and fees will kick in to help finance the $52 billion package in Senate Bill 1, which includes $34 billion over the next 10 years for repair and maintenance of roads, highways, bridges and culverts.