Gas Tax or Higher Tolls? Both Could Become Transportation Funding Options in Virginia
Virginia's gas tax is a flat rate tax, but changes could be coming.
Next year’s road trip to Grandma's house for the holidays may be a little more expensive as Virginia officials grapple with how to adequately fund Virginia’s growing transportation infrastructure needs. Gov. Bob McDonnell said earlier this month that raising Virginia’s gas tax, tying it to inflation or otherwise adjusting it is not off the table. “I’m looking at a range of things,” McDonnell told reporters in Richmond. “I can tell you that every other major tax in Virginia—the sales tax, the corporate income tax, and the [personal] income tax—all fluctuate with economic activity because they’re a percentage. ... We’re looking at whether or not ... it should fluctuate with economic activity, like every other tax in Virginia.” Right now, …
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