Get ready folks, the gas tax is going up again- starting tomorrow. On Tuesday, the tax jumps by a penny-and-a-half to 37.5 cents a gallon in Washington.
The hike is the last step of a 9.5 cent increase that’s been phased in since 2005. It was approved by the Legislature to help fund nearly 300 projects over 16 years.
Of the $8.5 billion that various new transportation taxes will raise over 16 years, nearly $3.5 billion will be spent on major Seattle-area projects: a downtown elevated highway, a floating bridge, and work on I-405. Other projects include more bridge repairs, reducing congesting, making highway safety improvements, improving freight mobility and $152 million for the North Spokane Corridor.
With the way gas has been going up recently, officials says the tax increase is “not going to be real noticeable” because it’s a diminishing component of the overall price.