With road construction season in full swing and the gas tax increase July 1, we took the “common cents” approach to answering some of the most frequently asked questions about #fixingscroads with the new revenues.
What will the fuel tax be on July 1?
South Carolina’s gas tax increased two cents on July 1. This brings our state fuel tax rate to 22.75 cents which is far below our sister states’ rates and the national average of 34 cents.
Where’s the new money going?
Over $1 billion has been committed to fix over 3,000 miles of existing roads and bridges in ALL 46 counties. All of the new money is deposited into a trust fund account to fund these projects. All statements, project lists, and vendor payments are updated monthly and available online.
Can the new money be spent faster?
Sure, if you want to pay contractors ahead of time. Contractors are paid when work is complete. Currently, there is over $870 million worth of work under construction.
Why is it taking so long?
There are specific guidelines for road projects, including federal requirements and permitting – all of which have a significant impact on timelines. Not to mention, it is impossible to fix decades worth of work in two years. This will take time!