Haslam: Road funding needs widely accepted, but not gas tax
NASHVILLE, Tenn. (AP) – Gov. Bill Haslam says he has seen wide agreement on a statewide tour about transportation that Tennessee needs more money for road and transit projects.
But the Republican governor says there’s little consensus on what to do about it.
Haslam said in a recent forum in Nashville that a frequent comment he receives from elected officials who want to kick start projects in their home areas is: “I’m not really excited about a gas tax, what else can we do?”
The problem, Haslam says, is that there’s “no magic bullet” to fund a $6 billion backlog of transportation projects around the state.
Tennessee charges a 21.4-cent tax on each gallon of gasoline. The tax, which raises $657 million per year, was last increased in 1989.