Reporting Meghan McCorkell
ANNAPOLIS, Md. (WJZ) — Prices at the pump may be going up. Governor Martin O’Malley has unveiled his new transportation plan, which includes an increase in the gas tax. It’s a move leaders say is critical. Meghan McCorkell has details on the new plan.
Governor O’Malley says his plan would generate $3.4 billion over the next five years.
Prices at the pump may take another hit.
“If we want better results, we must make better choices,” said O’Malley.
Flanked by House and Senate leadership, the governor announced a new transportation investment plan. With crumbling infrastructure, transit projects on hold and the state’s transportation fund near bankruptcy, leaders say something’s got to give.
“We know it’s a tough economic time. We think we’re doing this in the appropriate way that we can phase this in,” said House Speaker Del. Mike Busch.
Under a new proposal, the wholesale price of gasoline would increase two percent starting July 1–that translates to about two cents a gallon. In 2014, it would go up to four percent, about nine cents per gallon. The state’s 23.5 percent per gallon tax would drop five cents.