State Politics

March 5, 2015 6:02 PM

Proposed transportation budget counts on higher gas tax receipts

Gas tax collections in North Carolina are expected to fall by several hundred million dollars over the next two years, under a statutory formula that pegs the tax rate to plunging oil prices. But in his transportation budget NC Gov. Pat McCrory avoids drastic cuts in state spending for road construction and bridge repairs. McCrory assumes the legislature will set the gas tax at 35 cents a gallon.

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