House Panel Stops Senate Gas-Tax Bill
posted 11:56 am Mon February 25, 2008 - RICHMOND, Va.
A House committee put a quick end Monday to a Senate-passed bill that would have boosted gasoline taxes by a nickel per gallon over five years.
The House Finance Committee voted 14-6 to table Senate Democratic Leader Richard Saslaw's bill intended to generate cash to maintain the state's highway system. Saslaw, under no illusion his bill would pass the Republican House panel, warned that the soaring costs of road repairs will consume all road-construction money in seven years.
By law, road maintenance takes priority over new construction. So by July of 2015, Saslaw told the panel, those costs will eclipse all the road-construction revenue.
The costs of maintenance increase by $65 million a year as a result of inflation, Saslaw said.
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