Low gas prices mean lost revenue for Virginia communities

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RICHMOND, Va. (AP) - Low gas prices are hurting the bottom line of some Virginia communities.

The regional gas tax has for years helped communities pay for additional road and transportation projects and memberships to the commuter rail service.

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But The Free Lance-Star reports (bit.ly/1QyrYy3) that revenue shrunk significantly last year due to low gas prices.

Local transportation commissions' figures show that gas tax revenue dropped more than $4.5 million last year for Fredericksburg, Stafford and Spotsylvania.

Local officials pushed in the General Assembly this year to adjust the regional transit tax to replenish the millions of dollars in lost revenue. But the bill was tabled by a legislative panel.

Stafford County Supervisor Paul Milde said the drop in funds has already impacted $30 million worth of projects planned for its roads.


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