Lower gas prices and decreased revenue from California’s Price Based Excise Tax (PBET) on gasoline are taking their toll on the state’s transportation funding. California Transportation Commission (CTC) staff recently recommended enormous decreases in the upcoming five-year State Transportation Improvement Program (STIP). The CTC Commission will consider the staff’s recommendations and is expected to make a final decision at its meeting on May 18 and 19.
The staff’s recommendations include no new transportation projects in the next five years, as well as ...
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