Key Lawmaker Eyes Plate Taxes for Road Funds
By: Curtis McNeely
Updated: December 22, 2012
INDIANAPOLIS (AP) -- A key Indiana lawmaker says the state might need a license plate tax of $20 to $50 per car to pay for new road projects and maintenance.
Senate Appropriations Chairman Luke Kenley tells the Indianapolis Business Journal (http://bit.ly/UgCZal ) that such a tax would raise $120 million to $300 million from Indiana's 6 million state-licensed vehicles.
The Noblesville Republican says the tax would help at a time when the state Department of Transportation faces a budget shortfall as high as $200 million.
Indiana received $3.8 billion by leasing the Indiana Toll Road to private operators. The state used the proceeds from that deal for road projects across the state, but all of that money will be committed by next summer.
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Information from: Indianapolis Business Journal, http://www.ibj.com
Copyright 2012 The Associated Press.
