2020, Asphalt Pavements, Oregon

Gas Tax Revenues in Oregon will Decline $125 million

Early projections are gas tax revenues in Oregon will decline $125 million from March 2020 through March 2021 — the taxes raised $625 million in the 2019 fiscal year — in conjunction with stay-home orders due to the COVID-19 pandemic and could fall further if traffic remains light.

The Oregon Department of Transportation estimated traffic in Oregon dropped about 50% in early April and is down about 20% despite gasoline being at its lowest price since 2009.

Gas taxes Oregon collects are a major funding source for road construction and maintenance for the state as well as counties and cities. Marion County, for example, is projecting a $2.6 million drop in its share.

Click here for the complete article by Bill Poehler, Salem Statesman Journal.