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February 21, 2013

Gas taxes, car tabs would raise $10B for transportation

Associated Press

OLYMPIA — House Democrats unveiled a transportation revenue package Wednesday that would raise $9.8 billion over the next decade with the help of a 10-cent bump in the gas tax, a new annual car tab fee pegged at 0.7 percent of the vehicle's value and over $3 billion in new bonds.

Also included is a new $25 sales fee on bicycles sold for $500 or more, which is expected to bring in $1 million over the next 10 years.

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