What does an additional penny of gas tax buy in Michigan? (Center for Michigan)

Excerpt:

February 8, 2013 – For each penny of gas or diesel tax, Michigan gets about $45 million for transportation funding needs that include roads. Both fuel and sales tax increases are being offered up in Lansing as ways to find more money to repair Michigan roads. Which is better, and how it affects the public, is a mixed bag. Gov. Rick Snyder has called for shifting Michigan’s per-gallon gasoline and diesel tax to a percentage tax at the wholesale level, increasing registration fees and allowing local registration fees. A penny of Michigan sales tax brings in about $1.1 billion to $1.3 billion.

Link to Full Article: http://www.mlive.com/politics/index.ssf/2013/02/what_does_an_additional_penny.html

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