Friday, May 18, 2007

Could BRAC boost our gas tax?

I just came across this Gazette.net story on Maryland Lt. Gov. Anthony Brown's talk to the Bethesda-Chevy Chase Chamber of Commerce where he suggested that an increased gas tax would be a more reliable way to raise the money needed for BRAC-related road improvements.

"So far, the state has funded about $6 billion in transportation improvement projects related to the Base Realignment and Closure changes, but some $16 billion worth remains, Brown said during a Greater Bethesda-Chevy Chase Chamber of Commerce luncheon.

"With the state also facing a structural budget deficit of more than $1 billion and other needs such as for health care, officials are looking for fresh ways to cut costs and raise revenue, said Brown, who leads a BRAC state sub-Cabinet committee formed earlier this year."

The story went on to say:

"A higher gasoline tax would be a more reliable revenue source than increasing the corporate income tax due to fluctuations when the economy slows, said Brown, a former delegate from Prince George’s County."

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