INDIANAPOLIS -- A final plan to fund roads in Indiana will hike up the price of gas this summer.
The plan, expected to be signed by Gov. Eric Holcomb on Thursday, will include new fees drivers will notice at the pump and at the BMV.
Drivers can expect a 10 cent per gallon increase starting in July, along with a $15 annual fee for all registered vehicles. Registration for electric vehicles will cost an extra $150 and hybrids $50.
While it will come with a price, the plan will maintain pavement and fix potholes around the state.
Holcomb said Indianapolis will see additional funding in the plan. INDOT will begin prioritizing roads and bridges in June.
"I hope long-term that the citizens see orange barrels out there and see some infrastructure projects that they think are long overdue,” said Rep. Tim Brown.
Road funding and infrastructure were two of the main topics in Holcomb’s 2017 State of the State in January.
During the address, Holcomb reiterated his support for a range of options – including fuel tax increases, new tolling options, fees for alternative-fuel vehicles and creative public-private partnerships.
.@GovHolcomb: INDOT will begin planning in June to have projects ready to go July 1 when #roadfunding bill takes effect. pic.twitter.com/UKDSXsrb1E
— Eric Berman (@WIBC_EricBerman) April 25, 2017
“The fact is, existing sources of revenue are just not keeping up,” said Holcomb. “I’m a believer that every time you ask a taxpayer for a dollar, you better be darn sure you need it and are going to use it effectively for its intended purpose. And here’s a case that if we ask Hoosiers to invest a little more, to meet the need, the return is going to be well worth it.”
