Legislature likely to raise taxes on gasoline this week | Tim Talk | Tim Hunt | DanvilleSanRamon.com |

Local Blogs

Tim Talk

By Tim Hunt

E-mail Tim Hunt

About this blog: I am a native of Alameda County, grew up in Pleasanton and currently live in the house I grew up in that is more than 100 years old. I spent 39 years in the daily newspaper business and wrote a column for more than 25 years in add...  (More)

View all posts from Tim Hunt

Legislature likely to raise taxes on gasoline this week

Uploaded: Sep 8, 2015
Today the Legislature convenes for the final four days of the regular session, although members still must deal with both transportation financing and MediCal funding in special sessions until they can go home until the new year.
The governor helped moved the transportation forward when he produced his framework that called for $3.6 billion in funding for maintenance, repair and expansion of state and local roads. Raising the tax on gasoline 6 cents and the tax on diesel 10 cents are key parts of the program.
Doing something to get a sustainable funding source for roads is a key interest of both business groups and companies in the construction business so their representatives are lobbying legislators aggressively.
The Republican minority, because a tax measure will take a two-thirds majority in both houses, can influence the eventual legislation. Here's hoping that they hold firm on major changes to the money pit that is CalTrans as well as the environmental review process.
Gov. Brown has signed bills limiting environmental legal challenges to sports facilities in both Los Angeles and Sacramento. Given those actions, let's get the road network fixed and improved. Far more people use our roads than will go watch the Sacramento Kings shoot hoops.

I saw an interesting juxtaposition recently.
The Wall Street Journal's weekend edition on Aug. 22-23 carried a story reporting that seven million student loans are in default. That means, no payment in more than a year. The default number has climbed by 400,000 since last year.
The article reported that student debt had tripled over the past 10 years to $1.19 trillion. The article cited one San Francisco resident who was $70,000 in debt and was paying $1,100 a month?that's going to take years to even dent that total.
Remember the feds took over the student loan program in 2010 when President Obama signed legislation passed by the Democrat-dominated Congress. Later that year, the mid-term elections would end the short-lived (four years) Democrat majority in the house.

Two days earlier, I heard John Jackson, president of William Jessup University in Rocklin, discuss the sorry state of high education when it comes to affordability. He pointed out that the consumer price index (CPI) had increased 230 percent between 1968-2014. Housing was up 380 percent and health care up 600 percent.

Those substantial increases were dwarfed by the cost of higher education?it was up 1,160 percent.

The increases have skyrocketed since the federal government got into the loan business in the early 1990s.


Comments

There are no comments yet for this post

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:

Follow this blogger (Receive an email when blogger makes a new post)

SUBMIT

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Assemblyman proposes driving up housing costs to delight unions
By Tim Hunt | 2 comments | 1,138 views

“Give Me Liberty AND Give Me Death”?
By Tom Cushing | 6 comments | 326 views

Women’s History Month
By John A. Barry | 6 comments | 268 views

My New Letter to President Trump
By Roz Rogoff | 5 comments | 192 views