If you have not heard, the gas tax will increase from 32.5 to 35 cents per gallon July 1. Proceeds are to go toward education (replacing the 0.75% general sales tax the legislature allowed to expire). Could the following be a clever ploy to trick us into believing we need it?
State gas taxes will increase from 32.5 cents to 35 cents the same day, a new record for North Carolina. The state gas tax is based on a formula – the higher the wholesale price for gas the higher the tax. The new rate will make it the third highest in the nation.
