Thursday, February 21, 2013

House Democrats Transportation Revenue Package Leaves 167 Underfunded

On Wednesday, Representative Judy Clibborn (D- Mercer Island), chairwoman of the House Transportation Committee, introduced a transportation revenue package worth $9.8 billion.

Revenue would be generated from several different areas, including a 10 cent increase in the gas tax, a new annual car registration fee at 0.7 percent of the vehicle’s value, $3 million in new bonds, as well as a $25 fee on bicycles sold for $500 or more. There would also be a 0.3 percent increase in the hazardous substance tax, $5 for vehicle tab renewals, and $12 for title transfers.

While the package included resources for the completion of State Route 167, the project was notably underfunded at $1 billion for both SR 167 and SR 509. SR 167 is estimated at costing $1.5 billion to complete, while low estimates for SR 509 aim towards $300 million.

In order for the package to be passed into law, any new taxes would require a two-thirds vote in both chambers of the legislature or simple majorities in both houses followed by a vote of the people.

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