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Why isn the 16 cents gas tax, which goes to The Louisiana Transportation Trust Fund (TTF), enough to meet the states highway needs?

April 26, 2017Cents fund Gas Louisiana tax Transportation Trust ttf

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Why isn the 16 cents gas tax, which goes to The Louisiana Transportation Trust Fund (TTF), enough to meet the states highway needs?

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The 16 cents gas tax was passed by the legislature in 1984 and did not include a provision to adjust it for inflation. The buying power of the 16 cents is less than eight cents today. This has created a $12.7 billion backlog in unmet construction needs.