Nickel Project
Encyclopedia
The Nickel Project is a nickname for a transportation funding package enacted by the 2003 Washington State Legislature. The slogan for the package is "It’s your Nickel, Watch it Work."
The $3.9 billion program is funded by the following:
There are 158 projects over a 10-year period. The largest portion of the project is congestion relief with $2.6 billion allocated.
The $3.9 billion program is funded by the following:
- 5 cents per gallon gas tax increase
- 15% increase in gross weight fees on heavy trucks
- 0.3% increase in the sales taxSales taxA sales tax is a tax, usually paid by the consumer at the point of purchase, itemized separately from the base price, for certain goods and services. The tax amount is usually calculated by applying a percentage rate to the taxable price of a sale....
on motor vehicles
There are 158 projects over a 10-year period. The largest portion of the project is congestion relief with $2.6 billion allocated.