Washington and Other States Set to Raise Gas Taxes

Washington state officials announced that the state gasoline tax is set to rise from 49. 4 to 55. 4 cents per gallon, the first increase in nine years, according to MyNorthwest. com. The increase is intended to address a projected transportation budget shortfall, officials said.

The hike will be implemented as an inflation-linked adjustment, raising the tax by six cents per gallon. The New York Post reported that California will increase its gasoline tax to 63. 4 cents per gallon. It added that Washington, Maryland, and New Jersey are also planning inflation-linked gasoline tax hikes. These measures are described as funding mechanisms for road and transportation projects across the states.