1/9/13: Governor Bob McDonnell has announced a five-year transportation plan that will cost the state three-point-one-billion-dollars over the next five years. The main proposal would eliminate the current 17-and-a-half-cents-per-gallon gas tax, and replace it with an increased point-eight-percent general sales tax increase that would be dedicated to a transportation trust fund. The plan would use 85-percent of the increased sales tax for transportation maintenance.
Gov. Bob McDonnell will unveil his transportation funding reform package today. McDonnell, entering the fourth and final year of his term made a commitment during his gubernatorial campaign, to reform the Commonwealth’s transportation programs. He has already laid out a plan to shift about $48 million from the General Fund by designating a sliver of the state sales tax for transportation use. State lawmakers convene for their 2013 session tomorrow