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Fuel Efficient Cars Impacting State's Tax Revenues
Washington state's Joint Transportation Committee report forecasts a $3.8 billion revenue shortfall by the year 2025 because of declining gasoline tax receipts.
Published: 05-Feb-2010
To the list of woes facing a cash-strapped state government, now add fuel efficiency.
In Washington, motorists pay 37.5 cents on each gallon of gas. The money generates the bulk of revenue needed to build and maintain state highways, and it's a significant source of money for county road projects as well.
Here's the problem: Motorists require much less gas than they used to.
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