PLACERVILLE, CALIFORNIA

News

Record gas tax revenue

By From page A1 | November 21, 2012

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.

George Runner

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