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States Increase Funding for Transportation Projects
$1.8 Billion So Far this Year

States Increase Funding for Transportation Projects

In Colorado, voters will decide in November if the state can retain revenues in excess of state limits, with one-third of the funds transferred to the Highway Users Tax Fund.


An analysis by the American Road & Transportation Builders Association found that in the first five months of this year, 19 states combined to appropriate an estimated $1.8 billion in one-time and recurring revenue for roads and bridges, including $54 million worth of financing in May for West Virginia's State Road Fund.

ARTBA noted several continuing funding trends such as legislation to increase electric vehicle fees. For example, Kansas implemented a $100 annual fee for all-electric vehicles and $50 for electric hybrid or plug-in electric hybrid vehicles. Iowa is gradually applying new hydrogen, electric, and plug-in hybrid vehicle registration fees.

All told, six states approved such legislation since January, and Wyoming increased its existing fee. Twenty-six states now collect electric vehicle fees for transportation infrastructure investment.

Also targeting transportation investments, three states have approved statewide gas tax increases this year, and one is pending in Illinois, waiting for the governor's signature.

ARTBA concludes that, "The market impact of these measures is difficult to project as revenue approved ranges from immediate one-time investment to annual contributions. While these state measures are helpful, they fall short of transportation investment needs, which continue to rely on federal investment."

Colorado: If approved by voters in November, the measure would permit the state to retain revenues in excess of state limits, with one-third of the funds transferred to the Highway Users Tax Fund.



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December 13, 2019, 12:36 pm PDT

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