The Governor's transportation reform plan devotes an unprecedented portion of new gas tax revenues for transportation needs in regions outside metro Boston, including 3 cents for regional rail projects, 1.5 cents for regional road and bridge projects, and 1.5 cents to increase funding for regional transit authorities. Check the Reform & Renew web page for details.
That has raised the question: Where does the current gas tax revenue go?
In 2008, the Patrick administration with legislative approval completed the first significant reform of the gas tax in over two decades and simplified the allocation of the current 21-cent gas tax:
• 20.96¢ (99.85%) is credited to the Highway Fund for transportation-related purposes, including the special obligation (gas tax) bonds. 0.04¢ (.15%) is credited to the Inland Fish and Game Fund.
The Fund pays all transportation-related expenses, including debt service on bonds issued for transportation purposes. The fund finances highway maintenance and safety services and the state's share of federally sponsored highway projects as required. Check here to read the Governor's Transportation Fund for the current fiscal year.