Vt. panel looks at shortage of cash to fix roads
Posted at: 12/14/2012 8:50 AM
| Updated at: 12/14/2012 8:51 AM
By: Associated Press
MONTPELIER, Vt. (AP) - A special panel appointed to look at the fiscal woes facing Vermont's transportation system is nearly done with a report to lawmakers on how to fix the problems.
The committee, which meets Friday, was set up by the Legislature to study what to do about the fact that gasoline tax revenues are declining because less gasoline is being sold.
House Transportation Committee Chairman Patrick Brennan says Vermont relies mainly on per-gallon fuel taxes to pay for work on roads and bridges. But he notes that some company fleets are switching to fuels like liquefied natural gas, on which fuel taxes aren't charged.
And he says the advent of electric cars will dampen fuel tax revenues further.
The special committee is to come up with recommendations to address the funding problems.
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