Oregon Senate panel has approved a $2.5 billion financing plan for
bridge and road repairs, the Statesman Journal reported.
Senate Transportation and Economic Development Committee voted in
favor of the finance package June 25. HB2041, which previously passed
the House, is expected to go before the full Senate for a vote before
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, Oregon House Speaker Karen Minnis said in a statement.
$1.6 billion would go toward repairing or replacing 480 bridges
on the state’s major highways. The rest of the money would go to
cities, counties and the state for road projects.
title fees would increase from $30 to $55 starting Jan. 1. Registration
fees would go from $30 to $54 every two years. Commercial truck
registration fees would increase about 53 percent, and their weight-mile
taxes would climb almost 10 percent.
features include a provision that would give truckers as much as
$3 million a year in tax credits for buying cleaner engines. The
credits would be funded from a transportation reinvestment pot filled
by personal income taxes from jobs created by bridge work.