A regional gas tax usually goes to supporting the capital funding for WMATA, but data presented at the Northern Virginia Transportation Commission meeting last night showed that regional gas spending has taken a nosedive in the last few months.
Starting in March, gas tax revenue started to dip below $3 million. While the gas tax revenue has fallen to $2 million in March in years past, by June it had plummeted far below that. For the entire region, roughly $500,000 was collected in gas tax revenue, compared to over $3 million in February.
In Alexandria, gas tax revenue fell from over $150,000 in May to under $50,000 in June.
The tax is calculated from sales two months earlier, meaning the June figures reflected the dive in funding from April, shortly after the stay-at-home order was issued.
The tax was increased this year to 20.2 cents per gallon starting July 1, and is scheduled to increase over the next three years to 28.2 cents per gallon.
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Time flies when you’re having fun! The T.C. Williams High School Class of 1973 will hold its 50th reunion July 21-23, 2023 in Alexandria. All graduates and their adult nears and dears are welcome. Events include a Friday evening icebreaker, Saturday dinner dance, and a Sunday brunch. For more information: tcwilliams73.com, 770.789.3534.