(NGT News) California Gov. Edmund G. Brown Jr. has signed into law the Road Repair and Accountability Act of 2017, which will raise $52.4 billion over the next decade through an increase in fuel taxes and vehicle fees – including on zero-emission vehicles (ZEVs) – to fix roads, freeways and bridges in communities across California and put more dollars toward transit and safety.
...
Guided by the principles set forth by former President Ronald Reagan when he signed bipartisan legislation to increase the federal gas tax in 1982, this transportation investment package is funded, over a 10-year horizon, by everyone who uses the nation’s roads and highways in the following ways:
- $7.3 billion by increasing diesel excise tax 20 cents on Nov. 1, 2017;
- $3.5 billion by increasing diesel sales tax to 5.75% on Nov. 1, 2017;
- $24.4 billion by increasing gasoline excise tax 12 cents on Nov. 1, 2017;
- $16.3 billion from an annual transportation improvement fee based on a vehicle’s value, starting Jan. 1, 2018;
- $200 million from an annual $100 ZEV fee, starting July 1, 2020; and
- $706 million in general fund loan repayments.