Notice Those Gas Prices?Feb 18, 2013
If you've filled up at the pump recently, you've noticed that it's costing a lot more. In fact, according to AAA, gas prices have risen 31 consecutive days. Unfortunately, if some members of the General Assembly have their way, the impact on your family is only just beginning. As we enter the final week of the 2013 session, the topic of funding transportation dominates. Currently, ten members of the legislature, five from each chamber, are meeting to work out a plan based on legislation introduced on behalf of Governor Bob McDonnell and several other proposals. If they can come to an agreement, the plan they concoct could be voted on very quickly, with little time for legislators or citizens to look at the details.
Some members of both parties want to hike the gas tax, either directly or through "indexing" it to inflation. The governor's proposal would eliminate the gas tax but replace the revenue with an increase in the sales tax. Other elements being discussed include giving local governments the authority to "raise revenue," i.e. raise your taxes, without having to do it through referenda. The price tag on the competing plans comes in somewhere between $800 and $900 million per year in increased funding for transportation, the majority of which comes from increased revenue.
While there is little doubt that transportation is an issue that needs addressing, we urge the General Assembly to keep in mind the devastating effect increased gas prices have had on Virginia's families and small businesses. Increasing that burden even more during a time where some are predicting $5 a gallon gas prices by the end of the year could have a disastrous effect on Virginians. We recognize that there are serious needs in the area of transportation and are hopeful a plan can be agreed to, but it cannot unduly increase the financial burden on our struggling families.