W.Va. Road Fund tax collections down
CHARLESTON, W.Va. -- West Virginia's Road Fund is collecting less revenue than expected and some maintenance projects may be postponed until the next fiscal year.
Transportation officials say revenue collections from vehicle registrations, the gasoline tax and the privilege tax paid on the purchase of vehicles are down by $10 million to $11 million, compared to the same period last year.
Transportation Secretary Paul Mattox said Thursday that state officials expected gasoline tax revenue to decline when the budget was put together.
The other declines weren't expected. Transportation officials attribute that loss of revenue to the economic downturn.
Mattox says some maintenance projects, mainly resurfacing, may be cut from this year's budget.
CHARLESTON, W.Va. -- West Virginia's Road Fund is collecting less revenue than expected and some maintenance projects may be postponed until the next fiscal year.
Transportation officials say revenue collections from vehicle registrations, the gasoline tax and the privilege tax paid on the purchase of vehicles are down by $10 million to $11 million, compared to the same period last year.
Transportation Secretary Paul Mattox said Thursday that state officials expected gasoline tax revenue to decline when the budget was put together.
The other declines weren't expected. Transportation officials attribute that loss of revenue to the economic downturn.
Mattox says some maintenance projects, mainly resurfacing, may be cut from this year's budget.
Post a comment
What are they going to do when our socialist government mandates smaller cars that get better fuel efficiency and the gasoline tax declines more, start calculating how many miles people drive and tax on that instead of gasoline consumption?
http://www.msnbc.msn.com/id/29298315/
Why yes, that's exactly what our government is talking about doing.