States Eyeing Gas Tax Hikes Due to COVID-19
For Construction Pros
September 1, 2020
While a new study shows Americans are saving $758 million a day since the coronavirus outbreak by working from home, state transportation departments across the nation say the coronavirus pandemic has left them facing an estimated $50 billion shortfall in funding needed to repave our deteriorating roads, maintain bridges and repair our infrastructure.
The budget gap is in large part the result of the stay at home orders imposed across the country in the spring to slow the spread of the novel coronavirus. That sent demand for gasoline falling by hundreds of millions of gallons each day. And as gas stopped flowing into the tanks of Americans’ cars and trucks, the tax revenue from that fuel stopped flowing to state transportation departments.
According to the American Roads and Transportation Builders Association (ARTBA), more than $8.5 billion of work planned in 14 states and 19 localities — from major highway projects to local street repairs — has been canceled or delayed.
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