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1 Gov. Baliles proposed “a new form of the pay-as-you go concept” — the slogan that epitomized the disdain of former Sen. Harry F. Byrd Sr. for debt financing — that would establish separate trust funds tofinance road maintenance with the gasoline taxesand road construction with bonds, tolls or other forms of long-term financing.
“Those of us who use today’s highways should pay to maintain and repair them,” Gov. Baliles said, “while those who tomorrow will benefit from the roads built for our future should share in the cost of building those roads. ”
Sen. Willey’s proposals, embodied in three bills filed on Monday, would increase the vehicle titling tax by 0.5 percent, raise the gas tax one cent, abolish tax incentives for gasohol, place a $1 floor on the wholesale price of motor fuels (which has dropped steadily), increase fees for temporary tags and license transfers, and change how other revenues are collected and dispersed.
“My bill will allocate all of the new money directly to construction,” Sen. Willey said. “That way both legislators and citizens will know the new revenues are being applied directly to new roads — not being added to administrative costs or diverted to non-highway use.”
The governor outlined two phases of work for the special commission, the Commission on Virginia’s Transportation in the 21st
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