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Article: Study says roads require fee, tax hikes: WVU researchers say State Road Fund is not keeping up with inflation
- Article from:
- Charleston Daily Mail
- Article date:
- November 18, 2004
- Author:
CopyrightCopyright 2004 Charleston Daily Mail. Provided by ProQuest LLC. (Hide copyright information)
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DAILY MAIL BUSINESS EDITOR
West Virginia cannot properly maintain its highway system unless
it increases taxes or fees, a new study says.
The state Division of Highways today canceled a plan to release
the study but gave no reason.
The study by Patrick Mann, Mehmet Tosun and Tom Witt of the West
Virginia University Bureau of Business and Economic Research says the
State Road Fund is not keeping up with inflation.
Although the actual revenues going into the fund have increased
from 1970 to the present, the fund's value, after adjusting for
inflation, peaked in 1994, according to the study.
The fund's real value has fallen since 1994 and is projected to
continue to fall through 2008, ...