The state House Finance Committee approved HB142 which would cap the gas tax at 37.5 cents. The gas tax is currently at 38.9 but it is projected to fall to 37.5 July 1. The variable part of the gas tax is calculated by the average cost of the wholesale price of gas and diesel fuel [...]
N&O’s Solution to Everything: Give More Money to Politicians
Recently the N&O weighed in on the potential capping of NC’s state gas tax. As always, their solution: more of your money. No mention of more efficient means of distributing funding, or localizing more road responsibilities. Just throw more taxpayer dollars at it and hope for the best. The article makes a feeble attempt at [...]
NC to Bring Back Cap on Gas Tax?
Per yesterday’s Wilmington Star-News, it appears a cap on North Caroilna’s gas tax will be on the table in the upcoming short legislative session: In the General Assembly session that begins Wednesday, the state’s gasoline tax could be a divisive issue. Top Republican lawmakers and the governor – at least for now – agree the [...]
Happy New Year! Now Give Me More Money
On Jan. 1, North Carolina’s state gas tax will adjust upward by another 3.9 cents per gallon. The new state gas tax rate of 38.9 cents per gallon will be an all-time high for the state, and rank as fifth highest in the nation. North Carolina will round out the top five gas taxers that [...]
The Legislature Has Adjourned, Was Progress Made?
The latest short legislative session adjourned Tuesday with some progress. The most substantial effort made during this session was the Senate’s passage of Senate Bill 9, which essentially repeals the Racial Justice Act (RJA). The RJA was passed in 2009 with the intent of reducing racial discrimination in the application of the death penalty. However, [...]
