Roads plan advances in Oregon House

| 6/6/2003

An Oregon House panel has approved a multibillion-dollar plan to fix the state’s roads and bridges, the Statesman Journal reported.

The transportation finance plan, which was unanimously approved by the House Transportation Committee June 4, raises $2.5 billion over 10 years, mostly from bonds repaid from higher vehicle registration and title fees, higher permit and license fees on drivers and higher weight-mile taxes on truckers.

About two-thirds of the revenue would go toward repairing or replacing bridges on the state’s major highways. The rest of the money would go to cities, counties and the state for road projects.

Other features include a proposed credit against income taxes for purchases of new truck engines.

HB2041 now moves to the House Revenue Committee, which must review the bill because it raises registration, title and other fees.