Maryland lawmakers are considering dozens of revenue-raising proposals to shore up a major shortfall in transportation funding, including a 1.3-cent-per-mile tax on motorists, an annual property tax on vehicle owners and new tolls on state and federal highways.
The state's commission on transportation funding says lawmakers need to put at least $800 million into Maryland's withering transportation coffer each year to repair crumbling roads and aging bridges, after Gov. Martin O'Malley drained the fund to plug annual budget deficits.
With another $1 billion budget deficit estimated in fiscal 2013 and local transportation needs pushing $12 billion, budget analysts say Maryland lawmakers may have no choice but to raise taxes.
More
No comments:
Post a Comment