state bonding capacity

Beyond The Gas Tax

“We must respond to the reality that the gas tax, the traditional source of revenue for transportation investments at both the state and federal level, is not expected to keep pace with transportation needs in the future.”  With these words, New York Transportation Commissioner Astrid C. Glynn ( pictured below, right) welcomed participants to a  New York State DOT-sponsored symposium, “Beyond the Gas Tax: Funding Future Transportation Needs.” We moderated a panel on “Options Beyond the Gas Tax.” An edited text of our remarks follows.  * * *       A modest boost in the federal gas tax – and only a modest increase has a chance of passing muster with the congressional tax writing committees and obtaining a filibuster-proof majority support in the Senate – Read More ›