petroleum products gross receipts tax

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Transportation funding options: tolls and gas and sales tax hikes

Gov. Dannel P. Malloy commenting on proposals by his transportation funding panel.

A state panel is recommending restoring tolls to Connecticut highways, raising sales and gasoline taxes, and taking other steps to finance a 30-year transportation program – but Gov. Dannel P. Malloy said Thursday he would propose none of the revenue-raising proposals in the new budget he will give legislators in three weeks. Continue Reading →

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Transportation financing precarious despite new revenue

The Devon railroad bridge across the Housatonic could cost $750 million to replace.

Despite the recent infusion of sales tax receipts, Connecticut’s transportation program could be in deficit by mid-2018, according to nonpartisan analysts. And while Gov. Dannel P. Malloy’s administration believes the Special Transportation Fund will remain in the black through 2020 — albeit by a razor-thin margin — nonpartisan analysts cite several problems, including surging debt and pension costs and downgraded expectations for fuel tax revenues. Continue Reading →

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