The following are excerpts from an editorial written by The Denver Post editorial board entitled “Raising gas taxes would stabilize highway funds

It’s not sexy. Most of the time it’s not even controversial — at least the idea isn’t. But the need to create a reliable and adequate funding source for the nation’s overstressed highway transportation system is one of those dull but important problems that has been ignored for too long.

As federal lawmakers contemplate a budget deal to fund needs and tame deficits, they must include a provision to increase the federal gas tax, which has been the same since 1993…

…In 2011, the Independence Institute published Colorado Department of Transportation estimates showing a 1-cent increase in the state gas tax would raise $293 million over a decade.

That wouldn’t solve Colorado’s highway funding problems, but it would be a step in the right direction, as was the 2009 passage of FASTER, a vehicle registration fee add-on that is projected to raise $192 million in fiscal year 2013.

Better would be the approach in Wyoming, where state lawmakers are contemplating a 10-cent-per-gallon increase in state gas taxes to make the transportation infrastructure improvements necessary to keep the Cowboy state in business.

Read the full article here.

Tagged with →