Monday, March 11, 2013

Roadshow: California's gas tax will be nation's highest after upcoming increase

You guys are so screwed.
It would indeed, but first this: The state gas tax will rise 3.5 cents a gallon, to 39.5 cents, on July 1 after a recent vote by the state Board of Equalization. The increase means California will have the highest gas tax in the nation, at 70.6 cents a gallon when federal taxes are included.

According to an AP report, the increase was necessitated by a $157 million shortfall in gas-tax revenue in fiscal 2012, plus a projection of lower fuel consumption by California drivers as we buy more fuel-efficient vehicles.
 Who wants to bet if the same bureaucracy will ever LOWER taxes?

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