State Gas Tax Revenues Take Another Hit
Time To Bite The P3 Bullet In The Olympian, Adam Wilson reports Washington state officials are bracing for a widening gap of $95 million between expected and actual gas tax revenues through June 2009, as sharply higher gas prices constrict the volume of fuel purchased at the pump. The renewed transportation revenue concerns are indicative of a larger, long-term challenge that’s also felt due to the nearly bankrupt federal gas tax trust fund and the shifting landscape in infrastructure. …construction costs increased by 60 percent in five years, as demand in India and China drove up prices for steel and concrete, and the cost of diesel fuel for construction equipment soared. In Washington, as elsewhere, some planned road and bridge Read More ›