Governor Martin O’Malley’s key transportation funding bills will be heard by three key committees in the Maryland State Senate and House of Delegates this week in Annapolis. Two identical companion bills, titled the “Maryland Transportation Financing and Infrastructure Investment Act of 2012″ (SB971 and HB1302) are scheduled to come before the Senate Budget & Tax Committee, and the House Ways & Means and Environmental Matters committees, all on March 14th.
Both bills add $613 million in desperately needed funding to restore Maryland’s decimated transportation capital investment program. After going without a significant increase since 1992 in the motor fuel taxes (the primary source of transportation funding in Maryland), critically important projects including the Corridor Cities Transitway, Purple Line, Baltimore Red Line, and dozens of major road and intersection improvements throughout the Washington suburbs and around the state CANNOT BE BUILT unless the legislature approves new funding of at least this magnitude.
The bill also includes a “lock-box” type mechanism to prevent future diversions of transportation dollars to unrelated purposes (to avoid future raids), and a number of other provisions.
The bills would apply Maryland’s 6% sales tax to gasoline sales at the wholesale level, phased in over three years. The cost for the average household comes out to under $30 per year in the first year; about $55 the second; and about $85 when fully implemented. Even at the full price, it is a small price to pay for reducing the $2,300 the average motorist in our state is currently throwing away in wasted gas and added wear-and-tear from sitting in the nation’s worst congestion.