The Bond Buyer: States Raising Gas Taxes for Road Revenue
media mention“Gasoline tax hikes are one of the biggest trends we’re seeing this year,” said Carl Davis, a senior analyst at the Institute of Taxation and Economic Policy. “That’s not surprising because revenues are falling short, and states are trying to catch up.”
Gasoline tax proposals are on a three-year roll, Davis said, after no state gasoline tax increases in 2010 through 2012.
“We went for years without any state raising its gasoline tax, and this year we might see a dozen of them at least taking a serious look at adjusting their gas tax,” he said.
Six states and and the District of Columbia raised their gasoline taxes in 2013 and three more states did so in 2014, Davis said.