
Seventy-five percent of respondents supported a 10-cent increase in the gas tax if the revenue raised is dedicated to maintenance projects.
Seventy-five percent of respondents supported a 10-cent increase in the gas tax if the revenue raised is dedicated to maintenance projects.
The Mineta Transportation Institute study looked just at transportation revenue collected by the state, a package of taxes and fees established by Senate Bill 1 in 2017.
Budget highlights include $1.844 billion for bus and rail operations and $2.378 billion for various capital projects.
Will include the installation of electronic tolling devices on the perimeter of the Central Business District.
To cover the bump, Gov. Murphy wants to raise taxes by more than $1.5 billion.
Funding for the plan would be offset by rolling back two-thirds of the revenue lost in the Republican tax bill by reinstating a top income tax rate of 39.6%, restoring the individual alternative minimum tax, reversing cuts to the estate tax, and raising the corporate income tax from 21% to 25%.
The approach now being contemplated is considered innovative by some infrastructure experts but also carries considerable political and economic risks for Trump, according to a Washington Post report.
The proposal previously passed the Senate and now heads to Gov. David Ige, who said he expects to sign it after a review.
The bill is projected to bring about $2.37 billion to help complete the 20-mile rail by extending the half-percent excise tax surcharge on Oahu for another three years, although the mayor of Honolulu would like it extended to five years.
The Honolulu Authority for Rapid Transportation has a September 15 deadline to submit its financial plan to the Federal Transit Administration.
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