In a sweeping proposal intended to create jobs, inject life into the state’s economy, repair infrastructure, and bring Oregon’s transportation network into the 21st century, Governor Ted Kulongoski unveiled more than $1 billion in road, rail, bridge, mass transit and port funding yesterday.
The new transportation investments would be paid for with a myriad of tax and fee hikes, including:
- a 2-cent per gallon gas tax increase
- doubling the vehicle titling fee to $110
- raising the vehicle registration fee from $27 per year to $81 per year
- creating a first-time fee of $100 for titling cars new to the state
- raising the tobacco tax by 2½ cents
The plan also calls for borrowing $600 million and using and additional $16 million in lottery money.