A 10 cents-per-gallon state gas tax increase signed into law Feb. 25 by Iowa Governor Terry Branstad (R) is the latest in a series of initiatives recently put forward by state governments to boost infrastructure funding, according to a new report from the American Road & Transportation Builders Association (ARTBA).
ARTBAâ€™s Transportation Investment Advocacy CenterÂ© (TIAC) found there are currently 90 measures related to transportation funding awaiting action in 26 state legislatures.Â Among the findings:
- Twelve states: Ga., Mich., Minn., Mo., Mont., Neb., N.J., S.C., S.D., Texas, Utah, and Wash.â€”are considering legislation to increase their gas tax or sales tax on gasoline.
- Four states: Conn., N.H., N.M., and Texasâ€”are considering legislation to protect their transportation funds from diversions.
- Four states: Ark., Iowa, Mo., and Utahâ€”have proposed legislation to convert their flat-rate excise tax on gasoline to a variable-rate tax.
- Seven states: Conn., Ga., Minn., N.M., N.Y., Wash., and Wis.â€”have proposed bonds to pay for transportation projects.
- Two states with variable-rate gas taxesâ€”Ky. and N.C.â€”are considering legislation to instate or raise a â€śfloorâ€ť on the tax in order to prevent it from collecting below a minimum amount.
State and local spending accounts for just under half of all highway and bridge capital outlays, according to an analysis from ARTBAâ€™s Chief Economist Dr. Alison Premo Black. The federal government is the source, on average, of nearly 52 percent of annual highway and bridge capital improvements made by the states.
â€śGovernors and state legislators recognize the negative impacts of deteriorating road and bridge conditions on the local economy, safety and mobility, and are taking action to fix the problem.â€ť Black said.Â â€śAt the federal level, Congress should be taking a similar approach to finding a permanent solution for the Highway Trust Fund before highway and transit program funding expires at the end of May.â€ť
The full â€śState Transportation Funding Initiatives Reportâ€ť can be found on the TIAC website: www.transportationinvestment.org