A nearly $8 billion finalized transportation bill has cleared the House and Senate and is on its way to the desk of Gov. Tim Walz to be signed into law.
On Sunday, the DFL-controlled House and Senate voted along party lines to pass the conference committee report for HF2887. That omnibus transportation finance bill includes nearly $1 billion in new taxes and fees dedicated to transit and roads that will come from three sources: a new metropolitan area sales tax increase of 0.75 percent, a 50-cent fee for all deliveries of retail goods over $100 and a gas tax increase indexed to inflation. An increase in fees for automobile registrations and a sales tax increase for purchase of automobiles will also add more than $340 million in new revenues for transportation expenditures over the next two years.
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