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To: BurbankKarl
"La. is teetering on bankruptcy...this storm will send them over the edge."

Most states are enjoying an unexpected tax revenue windfall from the increase in gasoline prices.

1,243 posted on 09/23/2005 1:52:57 PM PDT by blam
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To: blam

Don't know of any state that has other than a fixed gas tax. Higher prices mean somewhat fewer gallons sold and less gas tax.


1,257 posted on 09/23/2005 1:55:50 PM PDT by John Jamieson (Hybrids are a highway around CAFE, that's all they're good for.)
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To: blam

N.O. ran out of cash in two weeks...and La. had to come up with some risky scheme to keep money flowing. I expect another downgrade by S&P on Monday....


1,267 posted on 09/23/2005 1:58:41 PM PDT by BurbankKarl
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