Wednesday, April 16, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Record gas tax revenue

By
From page A1 | November 21, 2012 | 1 Comment

SACRAMENTO – George Runner announced recently that California motorists paid a record $8.3 billion in state and local fuel taxes during the 2011-12 fiscal year.

“Our latest numbers show that high gas prices resulted in a record windfall for government at the expense of California consumers,” said Runner. “It’s bad enough that California’s gas tax is among the highest in the nation. It’s even worse that gas tax goes up whenever gas prices rise.”

From July 1, 2011 through June 30, 2012, the California State Board of Equalization collected $6.9 billion in motor vehicle fuel taxes, up from $6.7 billion the prior year. Excise tax revenues accounted for $5.2 billion, while sales tax revenues accounted for $1.7 billion.

Over the same time period, the state collected $1.4 billion in diesel fuel taxes, up from $1.2 billion the prior year. Excise tax revenues accounted for $343 million, while sales tax revenues accounted for $1.1 billion.

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Discussion | 1 comment

  • david coleNovember 21, 2012 - 5:44 pm

    Its unfortunate that none of this tax money can be used on our local roads.We see a lot of money used to improve highway 50 and its main overpasses, for example Missouri flat rd., new overlays on highway 49 and 193, but our city and a lot of our county roads are in terrible shape,how can we make more of this money made available to local governments to improve our local roads? The city of Placerville wants to spend millions on improving the Placerville Dr. interchange, is this really what the people need or want, I didn't hear this was a priority of the people during any of our Neighborhood chats, Who really benefits from this?

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