Colorado Looking at Increasing State Gas-Tax to Help Fund Roads
With the country enjoying the lowest gas prices it has scene in years, Colorado is looking at increasing its state gas tax to help replenish a shortfall in funds targeted at fixing our highways. The federal and state gas tax has not been increased since 1993, and with gas prices dropping to the lowest they have been in years, states are looking to take advantage of this opportunity to raise state funds. In 1993, the Colorado State gas-tax was increased to 22 cents per gallon and the federal tax raised to 18.4 cents.
According to the Coloradoan, if you account for inflation, Colorado has taken in 30 percent less money from gas-tax now, compared to the year 2000. This would explain why the budget to repair U.S. highways in the state have fallen short, with over a million more residence in the state since 2000. This increase in population obviously means more pounding of the pavement and wear and tear.
Lone Tree Mayor Jim Ginning is a part of a group of government representatives that are looking to gauge public opinion on the matter. They are wanting to stimulate the accounts that are dedicated to fixing U.S. highways by increasing the Colorado gas-tax by an additional 15 cents per gallon.