Maryland Transportation Financing and Infrastructure Investment Act of 2012

572 views
522 views

Published on

The Need for Enhancement of Transportation Revenues, March 14, 2012

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
572
On SlideShare
0
From Embeds
0
Number of Embeds
237
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • Maryland has recovered 45% of the jobs lost during the recession – compared with a recovery rate of 30% nationally.
  • Maryland Transportation Financing and Infrastructure Investment Act of 2012

    1. 1. Maryland Transportation Financing and Infrastructure Investment Act of 2012 The Need for Enhancement of Transportation Revenues March 14, 2012
    2. 2. Why We Need TransportationRevenueCongestion  The Washington, D.C. metro area has the highest delay per commuter nationally, with Baltimore ranking 6th.  There are currently 5 congestion-relief projects that could be rapidly advanced with a revenue increase.
    3. 3. Why Increase the Gas Tax?Declining Tax Rate As gas prices have soared from $1.08 a gallon in 1992 to $3.59 in 2011, the effective tax rate of the current 23.5¢ per gallon gas tax has plummeted. Further, estimations based on the highway and street construction portion of the producer pricing index (PPI) show that the purchasing power of the existing gas tax has declined by 80% since 1992.
    4. 4. Tax Rate Still Below 1992 Level ifProposal is Approved If passed, the proposed application of the sales tax to fuel purchases would bring the effective gas tax rate up to 11.2%, far below the 1992 effective rate of 21.3% (when transportation revenue was last enhanced).

    ×