Connecticut


State News


 

May 6 Weekly Roundup: Transportation Funding Cuts

Moody’s downgraded Kansas’s highway revenue bonds to ‘negative’ from ‘stable’ on May 3 after state lawmakers voted to redirect $185 million in sales tax revenue intended for transportation projects to reduce the state deficit. The bond rating service also lowered the...

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Connecticut 2016 Ballot Measure Results

cents-per-gallon**

%

Alternative
Fuel Taxes

Excise Tax:

  • Compressed Natural Gas (CNG) and liquid natural gas (LNG) are taxed at a rate of 26 cents-per-GGE.
  • Liquid Petroleum Gas (LPG): tax is computed at 5 percent of the gross earnings from first sale of petroleum product in the state.

** Variable-Rate Formula: Excise tax has an additional ‘petroleum gross receipts earning tax’ of 8.1 percent on the wholesale level of gasoline and petroleum products (excluding heating oil).

*Federal funding percentages are from an ARTBA analysis of FHWA Highway Statistics data, total ten year average 2004-2013 from tables SF-1 and SF-2. The percent is the ratio of federal aid reimbursements to the state and total state capital outlays and is indicative of the importance of the federal aid program to state capital spending for highways and bridges. Does not include local capital spending. Federal highway reimbursements are primarily used for capital outlays, including construction, right of way and engineering, but are also used for debt service for GARVEE bonds.