Western State to Lower Gas Tax. 3 Bits Informed Intel.

• California is set to reduce its gas tax by 2.2cents.
• How did California get here? To keep budgeter hands off California general revenue when paying off transportation bonds, Gov. Schwarzenegger and his Legislature “swapped the state’s sales tax on transportation fuel for an equivalent “gallonage tax.”’
•  each 1-cent adjustment to the tax is worth about $149.2 million
  Sacramento Bee | AM Alert: California set to lower gas tax by 2.2 cents