From the Ft. Worth Business Press:
Area leaders have come up with a list of suggested new revenue sources for North Texas transit projects.
Among the types of funding suggested are a vehicle registration fee, a motor fuels tax, a mileage fee, a property tax, a drivers license fee and a new resident impact fee.
Ok, nothing new there right, just wait, it gets better
The reason voters are being asked to take up new fees and taxes is because the state’s gas tax, the main fund for transit projects, is losing money. The fund is losing money because fewer people are driving and vehicles now get better gas mileage than when the tax was created, said Fort Worth City Council member Jungus Jordan.
Also, funds from the gas tax are intended for highway projects, not public transportation projects, Jordan said.
So the author quoted a Ft. Worth City Councilman that has no idea what he’s talking about. The Federal Gas Tax mostly goes to highways, but the state tax is used for all roads. It gets better. (edit: I looked at the councilman’s bio, he’s a financial adviser for goodness sakes, shouldn’t he know the basics of TxDot Funding?)
“The gas tax is really not keeping pace with the need to maintain the interstate highways that we built, but it’s also going in the reverse, the infrastructure funds in the U.S. are broke,” Jordan said. “We’re not getting enough money. If you stop and think, the gas tax is based on miles per gallon, and we’re creating cars that go farther on a gallon of gasoline so you have fewer returns and fewer people driving. In a sense we have a greater demand for mobility, but we have less income to build roads.”
Uh, have you seen the amount of SUV’s and Pickup Trucks on the road? Better gas millage? Please.
High gas prices also have created a demand for more public transportation, Jordan said.
Oh, I see where this is going.
For Rail North Texas specifically, the operation costs and debt expenses associated with building the 251 rail miles in the project comes up to about $450 million per year, said Vic Suhm, executive director of the Tarrant Regional Transportation Coalition.
That’s $450 million PER YEAR. That is a hundred dollars for every man, woman and child in D/FW…PER YEAR.
Most of the funding options are transportation-related in order to put the fee or tax on those who use area highways, said Michael Morris, the director of transportation for the North Central Texas Council of Governments. The only fee that is not directly related is a property tax that would come up to no more than 5 cents per $100 of appraised value.
Got that, not only are they going to raise your gas tax, they are going to raise your property taxes to pay for roads and their rail projects.
The vehicle registration fee would come up to no more than $150 per vehicle per year and a driver’s license fee would be capped at a $50 fee when a resident renews their license.
Another possibility is a new resident impact fee on vehicle registration for anyone who moves to the area from out of state. The fee would be no more than $100 per year.
You see, we aren’t raising taxes, but rather fees. Rick Perry’s favorite scheme of doing things.
One funding source on the list is a mileage fee of no more than 1 cent per mile driven per car, which is an idea for the future, Suhm said.
The mileage fee is intended to tax road usage on cars developed in the future that are fueled on alternative energy.
The miles driven would be calculated when a driver stopped to refuel or when a driver had their vehicle inspected, Morris said.
The GPS tax is coming our way. These ideas will be great for promoting business growth in the metromess.