California's gas tax revenue to drop by $6 billion as it ... - MSN

A s California drivers gradually transition from gas to electric cars and trucks, there will be fewer people fueling up, and that means the state will lose $6 billion in revenue over the next 10 ...


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California's Gas Tax Revenue To Drop By $6 Billion As It ... - MSN

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A s California drivers gradually transition from gas to electric cars and trucks, there will be fewer people fueling up, and that means the state will lose $6 billion in revenue over the next 10 ...

msn.com

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

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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 ...

msn.com

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California Gas Tax Revenue Will Drop By $6B Due To Electric Car

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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 ...

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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 …

sacobserver.com

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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 ...

nbcbayarea.com

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

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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 …

abc10.com

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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 …

localnewsmatters.org

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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 …

californialocal.com

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

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Dec 23, 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, ... California gas tax revenue …

davisenterprise.com

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

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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 …

piedmontexedra.com

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California Gas Tax Revenue Will Drop By $6 Billion ... - GV Wire

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Dec 21, 2023  · Fuel taxes and vehicle fees fund about a third of state spending on transportation. This year’s budget, passed in June, includes about $14.2 billion in state funding for …

gvwire.com

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California’s Budget Problems Could Only Get Worse As EV Mandate …

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Jun 24, 2024  · The gas tax generated $6.5 billion in revenue in fiscal 2022 and produced an estimated $7.4 billion in fiscal 2023. Effective July 1, the state’s tax on gasoline will be 59.6 …

washingtonexaminer.com

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State Study: Gas Tax Funds To Drop By $6 Billion With EV Transition

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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 ...

msn.com

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

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California’s gas tax revenue to drop by $6 billion as it transitions to EVs, state officials say — Electric vehicles (EVs) bring a lot of benefits to California, but there is a cost. ... Coal is …

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California’s Budget Problems Could Only Get Worse As EV Mandate …

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With the decline of gas-powered vehicles on California roads, the state will face a steep drop in revenue from its gas tax. The gas tax generated $6.5 billion in revenue in fiscal 2022 and ...

msn.com

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California Gas Tax Revenue Will Drop By $6 Billion ... - Reddit

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California gas tax revenue will drop by $6 billion, threatening roads calmatters.org Open. Share Add a Comment. Sort by: Best. Open comment sort options ... But the Legislative Analyst’s …

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

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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 …

lbpost.com

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Road Projects Threatened As Electric Cars Lead To Lower California …

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As Californians drive fewer gas-powered cars, tax revenue will drop substantially, according to a new state analysis. ... C alifornia’s funding from gas taxes will drop by nearly $6 billion ...

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FAQs about California's gas tax revenue to drop by $6 billion as it ... - MSN Coupon?

Will California lose $6 billion in gas taxes?

There will be fewer people needed to gas up, and according to the state's legislative analyst office, that means California will lose $6 billion in state gas taxes over the next 10 years. "The current excise tax is about 58 cents a gallon," said San Jose State University tax professor Caroline Chen. ...

Does California have a gas tax?

With the decline of gas-powered vehicles on California roads, the state will face a steep drop in revenue from its gas tax. The gas tax generated $6.5 billion in revenue in fiscal 2022 and produced an estimated $7.4 billion in fiscal 2023. Effective July 1, the state’s tax on gasoline will be 59.6 cents, up from 57.9 cents. ...

How will California's gas tax impact Newsom's budget battles?

California will lose billions in revenue from its gas tax as the state’s stringent environmental regulations take effect, magnifying Newsom‘s budget battles. ...

How will California's gas-powered cars affect tax revenue?

As 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. © Times of San Diego Caltrans crews at work on the I-5 bridge over Route 163 in October. ...

Will California gas tax drop if you have an electric car?

This article originally appeared on Palm Springs Desert Sun: California gas tax revenue will drop by $6B due to electric car rules, threatening roads If you have an electric vehicle, it may soon be time to pay up. ...

Will EV taxes offset California's gas tax deficit?

However, the state’s analysis reports that EV taxes will only offset a portion of the lost gas tax funds. California is also considering a proposal to implement a “road charge” program that would address the looming deficit. The plan is a mileage tax, aiming to charge drivers for using the roads based on how many miles they’ve traveled. ...

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