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Tuesday, November 1, 2011

18.4 Cents-Per-Gallon Federal Fuel Tax - Extended to the end of March 2012

Do you agree, the long term transportation funding is in apparent crisis, and needs to be addressed in the long term?

The Idaho Transportation Department reported yesterday, through an "opinion" article from the Indianapolis Star, "that the 18.4 cents-per-gallon federal fuel tax was extended until March of 2012.  The bill was scheduled to expire September 30th, but Congress approved the bill earlier in the month, for the eighth time, to help address the transportation budget shortfall.  The 18.4 cents-per-gallon- federal fuel tax, which makes up the majority of the federal transportation funding, was stated that it isn't tied to inflation and hasn't increased since 1993".  Please see the link below for the ITD news brief and the original article from the Indianapolis Star:

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