What: Discussion of new transportation funding law
When: 1:30-3:30 p.m. Wednesday
Where: University of North Georgia’s Gainesville campus, 3820 Mundy Mill Road, Oakwood
A presentation on impacts of Georgia’s new transportation funding law is set for 1:30-3:30 p.m. Wednesday at the University of North Georgia’s Gainesville campus.
Georgia Department of Transportation officials will talk about how the law “will drastically increase transportation investment in routine maintenance, capital projects and local governments,” according to a news release Monday.
The changes, approved by the General Assembly this year, primarily eliminated the state fuel sales tax at the gas pump and enacted a 26-cent excise tax.
The law also calls for electric car owners to pay an annual $200 fee — $300 for those used for commercial purposes — and removes a $5,000 tax credit serving as a purchase incentive.
The restructured tax system is expected to generate $757 million more in fiscal 2015-16 in transportation funding and $820 million in fiscal 2016-17, officials said.
“Georgia DOT is thrilled to see the positive impact resulting from the Transportation Funding Act of 2015, as it will allow us to make a substantially higher investment in taking care of our aged infrastructure,” Commissioner Russell McMurry said.
The law “provides significantly more funding to make capital investments in safety, operations and mobility,” he added.
The forum will take place in the auditorium of the Continuing Education Center off Landrum Education Drive.