California gas tax revenue will drop by $6 billion, threatening roads ...

Dec 13, 2023 · Lea este artículo en español.. California’s funding from gas taxes will drop by nearly $6 billion in the next decade due to the state’s electric car rules and other climate programs, “likely resulting in a decline in highway conditions for drivers,” according to a new …

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening Roads ...

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening Roads

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Dec 14, 2023 · The report projects declines of $5 billion, or 64%, in the state’s gasoline excise tax, $290 million, or 20%, in the diesel excise tax and $420 million, or 20%, in the diesel sales …

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Road Projects Threatened As Electric Cars Lead To Lower California …

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Dec 18, 2023 · Caltrans crews at work on the I-5 bridge over Route 163 in October. Courtesy Caltrans. California’s funding from gas taxes will drop by nearly $6 billion in the next decade …

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EV Transition Threatens Roads With Big Gas Tax Revenue Drop

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Dec 14, 2023 · BY ALEJANDRO LAZO, CalMatters. California’s funding from gas taxes will drop by nearly $6 billion in the next decade due to the state’s electric car rules and other climate …

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California Faces Nearly $6 Billion Drop In Gas Tax Revenue, …

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Dec 18, 2023 · California’s funding from gas taxes will drop by nearly $6 billion in the next decade due to the state’s electric car rules and other climate programs, “likely resulting in a decline in …

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California's Climate And EV Programs Leading To $6 Billion Drop In …

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening Roads ...

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Dec 14, 2023 · (CALMATTERS) – California’s funding from gas taxes will drop by nearly $6 billion in the next decade due to the state’s electric car rules and other climate programs, “likely …

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening …

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By Alejandro Lazo

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California’s Gas Tax Revenue To Drop By $6 Billion As It Transitions To ...

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Electric vehicles or EVs bring a lot of benefits to California, but there is a cost. By not getting gas, EV owners don’t pay the gas tax and that’s costing the state billions. Scott Budman ...

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As EVs Rise, California Gas Tax Revenue Will Drop By $6 Billion ...

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening Roads

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California gas tax revenue will drop by $6 billion, threatening roads calmatters .org ... But the Legislative Analyst’s Office stressed that overall the state will still see a $4.4 billion drop in …

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Dec 15, 2023 · California’s funding from gas taxes will drop by nearly $6 billion in the next decade due to the state’s electric car rules and other climate programs, “likely resulting in a decline in …

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California Gas Tax Revenue Will Drop By $6 Billion, Threatening Roads

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California gas tax revenue will drop by $6 billion, threatening roads calmatters.org Open. Share Add a Comment. Sort by: ... As if they spend gas tax on roads. ... There’s Now 1 Fast …

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What will happen to California's gasoline prices and gas tax revenues?

A more fundamental issue is what will happen to gasoline prices and gas tax revenues as the state attempts to wean Californians away from gasoline-powered cars and make zero-emission vehicles the norm. Become a CalMatters member today to stay informed, bolster our nonpartisan news and expand knowledge across California. ...

How much will California's excise tax decline over the next decade?

The report projects declines of $5 billion, or 64%, in the state’s gasoline excise tax, $290 million, or 20%, in the diesel excise tax and $420 million, or 20%, in the diesel sales tax, over the next decade. Become a CalMatters member today to stay informed, bolster our nonpartisan news and expand knowledge across California. ...

What is the gas tax increase in California?

The gas tax increase in California is 53.9 cents per gallon. A gas tax increase went into effect Friday for California drivers ahead of a busy holiday weekend. Although that means the tax increased 2.8 cents per gallon, average fuel prices actually continued to drop Friday in Southern California. ...

How much money does California spend on transportation?

This year’s budget, passed in June, includes about $14.2 billion in state funding for transportation. The report projects declines of $5 billion, or 64%, in the state’s gasoline excise tax, $290 million, or 20%, in the diesel excise tax and $420 million, or 20%, in the diesel sales tax, over the next decade. ...

How will California's electric cars affect tax revenue?

As the state battles climate change and Californians drive fewer gas-powered cars, tax revenue will drop substantially, according to a new state analysis. EV fees will make up only part of the transportation shortfall so lawmakers need new funding options. ...

How did Texas get a big jump in gas taxes?

The state’s most recent big jump in gas taxes occurred in 2017, when the Legislature passed a bill aimed at increasing revenues by $5 billion a year to finance highway improvements. Opponents tried to cancel the tax increase through a ballot measure the following year, but voters rejected the repeal. ...