Kaine Offers Amendments To Transportation Bill

By: Michael Gorsegner Email
By: Michael Gorsegner Email

March 26, 2007

Monday Governor Kaine offered amendments to the heavily debated Transportation bill which narrowly passed in the General Assembly.

The amendments include $3 billion of bond funding for road projects. The Governor says his amendments would add up to $375 million annually for statewide funding, plus two thirds of surplus revenue to transportation, a $400 million annual northern Virginia regional package, and $200 million annual Hampton Roads regional package.

Kaine's amendments include dedicating three cents of existing recordation taxes to transportation, with two cents going to transit funding and one cent going towards highway maintenance. It also includes equalizing the tax on diesel fuel from $.16 to $17.5 and increasing the vehicle registration fee in the same amount that the General Assembly's plan adopted.

The amendments would also require northern Virginia and Hampton Roads localities to give the regional authority the power to impose seven taxes and fees.

In addition the amendments would create a lockbox on new revenues and if the funds should be diverted for other purposes, revenues in the bill would cease.

Kaine says he is urging the General Assembly to accept his amendments.

The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 6713047 - newsplex.com/a?a=6713047