Today, Deval Patrick unveiled his transportation funding plan with new "revenues". The Boston Globe (paywall) has the story.
The plan discusses a number of "options and recommendations for raising new revenues that have been proposed by the public and municipal leaders," saying the Transportation Department and the Legislature should "consider these and other revenue options."
Related
Read the report (PDF)
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The options included: a new 0.16 percent transportation payroll tax that employers would pay on their employees' wages; a 30-cent increase per gallon in the existing gas tax; an increase in the state sales tax from 6.25 percent to 7.75 percent; and an increase in the state income tax from 5.25 percent to approximately 5.66 percent.
Other possible revenue sources include a "green fee" that would be added to existing title and registration fees, and a vehicle-miles-traveled tax of 2.4 cents per mile that would collected at the annual safety inspection or by an onboard device.
Taking just the increase in the gas tax and the proposed mileage tax. If both are enacted what would that mean for you?
After the jump, you will see a chart that shows what the yearly effect on your pocket book would be if both revenue streams were adopted. Just look for the line corresponding to your average MPG and look at your average yearly miles driven. Then you'll see how much it will cost you. |
