- Virginia Fuel Tax Revenues Drop Even as Drivers Travel More Miles
- Melbourne Toll Road Project Gets Underway before Environmental Review Is Complete
- These are just some of the toll industry developments TRN is following.
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Virginia Fuel Tax Revenues Drop Even as Drivers Travel More Miles
WVIR reports, “For the first time ever, Virginians are driving more and spending less at the pump. . . . The Commonwealth Transportation Board revealed that from 2016 to 2018, Virginia drivers traveled 3.2% miles more, but gas tax revenue fell 0.4%. That shortfall cost the state more than $30 million in tax revenue. Experts say that the trend has been a long time coming. ‘We actually are making a little less money on the gas tax than we were in 1977,’ Bill Shobe, the Director of Economic Policy Studies at UVA’s Weldon Cooper Center said. ‘Even though the vehicle miles traveled have gone up about 70% since then.’”
VDOT Deputy Secretary Nick Donohue gave a presentation on the fuel tax revenue drop and options for sustaining transportation funding during the board’s October 16 meeting.
Virginia Virginia Department of Transportation (VDOT)Melbourne Toll Road Project Gets Underway before Environmental Review Is Complete
The Age reports, although environmental approvals are still pending for North East Link, the AUD$15.8 billion (about US$10.8 billion) Melbourne toll road project, some residents have received notice that CPB Contractors will begin extensive “investigation works” today. According to the article, “From June to September, [Victoria state] government staged hearings on the road’s environmental impacts, with hundreds of residents telling an expert panel how they would be affected. Midway through the hearings, Transport Infrastructure Minister Jacinta Allan announced [CPB Contractors] had won a $200 million early works contract for the road — leaving many residents questioning whether the consultation process was genuine.”
These are just some of the toll industry developments TRN is following.
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