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McAuliffe: Use Northern Va. transportation money, tax increases to fund MetroDecember 18, 2017 12:10 am
WASHINGTON — Metro would permanently get $150 million per year from regional taxes collected across Northern Virginia under outgoing Gov. Terry McAuliffe’s final two-year budget proposal, which is set to be unveiled Monday, administration officials said.
Virginia’s $150 million additional annual state contribution would be funded by taking $85 million of Northern Virginia’s existing regional transportation sales tax and related revenues, and by increasing three regional taxes to raise an estimated $65 million per year, as long as Maryland and the District allocate their own shares of funding and the jurisdictions, and the federal government approves shrinking the Metro Board.
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