After months of speculation, Pa. Gov. Tom Corbett is finally going to reveal his remedy for the state’s transportation funding problem.
According to the Associated Press, Corbett will unveil a strategy that will pump almost $2 billion a year into the road and bridge program. The main cog in this money machine is the statutory cap on the oil company franchise tax. Corbett wants to remove it, which requires legislative approval. The per-gallon tax is applied to an average wholesale price of $1.25, and lifting the cap could produce $1.9 billion a year.