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| INDOT Legislative actions 2005 Bonding is Borrowing & the Permanently Expanding Gas Tax Governor Daniels said “Buckle up – we have important work to do, big changes to make,” Was this the pronouncement of a fiscal conservative or warnings from a executive heavy on cars & trucks spending? Change? The new INDOT returns with exactly the same to bills for tax increases and borrowing as were presented to the 2004 legislature.  Bills: HB 1774 This is the bond bill defeated last year. Borrow and build for better times is the rally call here. (Lawrence Borst's 2004 pocket veto gets
pick pocketed and returns to the capital. Will the next Senate
Budget director demand an accounting of how the money will be used?)
HB
1731
An immediate and automatic future increasing tax on gas in Indiana with less understandable formula. (The same bill defeated not once but twice
in the 2004 session of our legislature. Give it a rest)
This bill would totally change the taxing formal for the state gas tax to a estimate national fleet estimate MPG formula rather than per .18 gallon tax. It would assure that the tax could never reduce only grow. It assures cost of living increases for the tax into the future with no return to the legislature for approval of the increases. Taking this from a understandable number like .18 per gallon to a formula will make the tax difficult to talk about as it increases. The bill limits the initial increase to a maximum .03 per gallon, which happens to be the necessary tax increase to fund the 3C section if every penny is used for 25 years the projected date of I-69 completion. The Borst analysis expressed this as a 5¢ per gallon increase for 14 years, if we would have waited until construction would start to raise this tax. Here is how much I-69 would cost Indiana Taxpayers. $3,154,000,000.00 |
© COUNT US! 2002 -'03,'04 |
