Last week, Governor Northam filed amendments to the I-81 legislation to include funding for corridor improvements. The plan, as detailed below, generates funding through a mix of regional and statewide fees and taxes. The General Assembly will vote on these amendments on April 3.
- Regional fuel tax along the Interstate 81 corridor (Planning Districts 3-7)
- Projected to generate $60 million in regionally dedicated funding
- Statewide truck registration fee increase
- Projected to generate $76 million in statewide funding
- Revenue would be allocated based on the ratio of truck miles traveled on the interstate (41 percent for I-81)
- Statewide road tax and diesel tax increase phased over three years
- Projected to generate $142 million in statewide funding
- Revenue would be allocated based on the ratio of truck miles traveled on the interstate (41 percent for I-81)
- $150.8 million in total projected revenue for I-81 Corridor Improvement Fund
The Roanoke Regional Chamber endorses Governor Northam’s amendments to SB1716/HB2718 for funding improvements to I-81.
