Connecticut Senate Bill SB00085

Connecticut 2010 Regular Session

• Introduced: 2/9/10
• Refer: 2/9/10

Caption

An Act Concerning Use Of The Petroleum Gross Receipts Tax For Transportation Projects.

Impact

The bill's implications can reshape the state’s budgeting process, particularly in how transportation projects are funded. By shifting the focus of petroleum tax revenues specifically towards transportation, the legislation aims to create a more stable funding stream for infrastructure projects. This could enhance project planning and execution while ensuring that necessary funds are allocated without the interruptions that might come from general fund reallocations. Proponents argue that this could lead to more efficient management of transportation funds and improved infrastructure conditions across the state.

Summary

SB00085 proposes to amend state statutes to mandate that all revenues generated by the petroleum gross receipts tax be exclusively allocated for transportation projects. This legislative initiative is aimed at ensuring that funds derived from this specific tax source are not diverted for general fund expenditures but are dedicated to enhancing the state's transportation infrastructure. By confining the use of this tax revenue, the bill seeks to bolster transportation-related initiatives, possibly leading to improvements in roads, bridges, and public transit systems.

Contention

While SB00085 appears straightforward, it engenders debate over fiscal prioritization and budgetary flexibility. Critics may argue that tying petroleum tax revenues to transportation projects could limit legislative discretion in managing the state budget, particularly in times of economic downturn or when other state needs arise, such as education or healthcare. Additionally, there could be concerns about the possible dependency on volatile petroleum revenue streams and whether it can sufficiently meet growing transportation demands as state needs evolve.