Colorado Gas Tax
| By Mike Collins - Sep 21st, 2009 at 12:19 pm EDT |
| Also listed in: Adams County | Broom Brigade | Veterans for Progress |
Comments |
Mail to a Friend
Categories: Economic Fairness & Security, Environment / Conservation, Smart Energy Policy, Public Infrastructure / Transportation, Effective & Ethical Government, Budget Priorities
Categories: Economic Fairness & Security, Environment / Conservation, Smart Energy Policy, Public Infrastructure / Transportation, Effective & Ethical Government, Budget Priorities
A follow up to the "Real Men Tax Gas"
Governor Ritter ran on a platform that very much included energy conservation. Reducing the speed limit to 55 mph in the metro area and increasing the gasoline tax would reduce consuption by 20%(a sin tax if ever there was one) Republicans have never seen a highway project they didn't like or for that matter an increase in Defense spending, with an increase of $1 in addition to the paltry 20 cents collected now would go a long way toward sustainable infrastructure as well as funding the CANG and CNG. The interstate highway system is for national defense, is it not?
Much ado was made recently regarding the discovery of over three billion barrels of oil by BP in the Gulf, a whopping six month US supply. We ARE running out of US oil, sooner rather than later and our consumption of foreign oil is a huge problem and a national security issue.
As far as the governors political will to do the right thing, may I use a recent quote by Governor Ritter regarding politically unpopular decisions.
But, "that's just part of the life you live when you're in leadership," the governor said.
49,635,000 barrels of gasoline annual consumption in Colorado (49.635 million barrels 42 gallons per barrel)
2,084,670,000 gallons (2.084 billion gallons)
$416,934,000 gasoline revenue @ $.20 per gallon
$2,501,604,000 gasoline revenue@ $1.20 per gallon
$500,320,800 reduction of revenue with 20% reduction in consumption if the governor reduces the speed limit to 55 mph in the metro area and people start using more fuel efficient automobiles.
$2,001,283,200 ($2.001 billion) Projected total annual revenue
$822,320,629 (2006 Transportation Budget)
$1,178,962,571 (Transportation Surplus) ($1.178 billion)
$6,200,000,000 (FasTracks Total Budget) ($6.2 billion)
Governor Ritter ran on a platform that very much included energy conservation. Reducing the speed limit to 55 mph in the metro area and increasing the gasoline tax would reduce consuption by 20%(a sin tax if ever there was one) Republicans have never seen a highway project they didn't like or for that matter an increase in Defense spending, with an increase of $1 in addition to the paltry 20 cents collected now would go a long way toward sustainable infrastructure as well as funding the CANG and CNG. The interstate highway system is for national defense, is it not?
Much ado was made recently regarding the discovery of over three billion barrels of oil by BP in the Gulf, a whopping six month US supply. We ARE running out of US oil, sooner rather than later and our consumption of foreign oil is a huge problem and a national security issue.
As far as the governors political will to do the right thing, may I use a recent quote by Governor Ritter regarding politically unpopular decisions.
But, "that's just part of the life you live when you're in leadership," the governor said.
49,635,000 barrels of gasoline annual consumption in Colorado (49.635 million barrels 42 gallons per barrel)
2,084,670,000 gallons (2.084 billion gallons)
$416,934,000 gasoline revenue @ $.20 per gallon
$2,501,604,000 gasoline revenue@ $1.20 per gallon
$500,320,800 reduction of revenue with 20% reduction in consumption if the governor reduces the speed limit to 55 mph in the metro area and people start using more fuel efficient automobiles.
$2,001,283,200 ($2.001 billion) Projected total annual revenue
$822,320,629 (2006 Transportation Budget)
$1,178,962,571 (Transportation Surplus) ($1.178 billion)
$6,200,000,000 (FasTracks Total Budget) ($6.2 billion)
