Legislators are looking for a way to
pump up transportation funding and that could mean higher prices at the gas
The Vermont transportation budget
currently has a $35 million shortfall. If it's not filled, the state will lose
out on $40 million in matching federal grants.
Gas tax revenues are falling as
drivers travel fewer miles in more fuel efficient vehicles.
Rep. Pat Brennan, R-Colchester, is
chair of the Transportation Committee. Brennan says the plan now on the table
would reduce the cent per gallon tax, but add a 4 percent sales tax on the
total purchase, so as gas prices rise, so do tax revenues.
"We're going to continue the
discussion, we may-- it's not cast in stone-- we're going to be looking at
maybe decreasing that proposal, increasing that proposal, we're looking at
other revenues," Brennan said.
Brennan says consumers would end up
paying about 8 or 9 cents more per gallon if the plan became law.
Fuel distributors testified that the
change would hurt their business, especially for those along the New Hampshire
Tuesday, March 11 2014 11:49 AM EDT2014-03-11 15:49:17 GMT
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A Plattsburgh woman faces charges for allegedly attacking someone with a knife.More >>
Tuesday, March 11 2014 10:14 AM EDT2014-03-11 14:14:46 GMT
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A Winooski man says he was held at knife point on Church Street Monday afternoon as robbers took nearly $300 from him.More >>
Tuesday, March 11 2014 10:01 AM EDT2014-03-11 14:01:29 GMT
A South Londonderry man captured at the end of a high-speed chase now faces up to life in prison. Police say Christopher Bush topped speeds of 100-miles-per-hour in a stolen SUV. The 27 year old pleadedMore >>
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Tuesday, March 11 2014 11:58 AM EDT2014-03-11 15:58:56 GMT
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Tuesday, March 11 2014 12:23 PM EDT2014-03-11 16:23:59 GMT
A group of senators spent an all-nighter on Capitol Hill talking about climate change. Twenty-six Democrats and two independents, including Vermont Senator Bernie Sanders, held a fact-gathering hearingMore >>
A group of senators spent an all-nighter on Capitol Hill talking about climate change.More >>