Oregon House panel approves roads plan

| 6/17/2003

The Oregon House Revenue Committee voted unanimously June 13 for a multibillion-dollar plan to fix the state’s roads and bridges, the Albany Democrat-Herald reported.

The transportation finance plan 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 full House for consideration. It will require three-fifths majorities in the House and Senate for approval, because it raises revenue.