The Northern Virginia Transportation Authority has authorized $300 million in local tax and fee increases.
The panel of regional officials was created to fund transportation projects in northern Virginia. They approved a package last night that includes new taxes on home sales, car repairs, hotels, rental cars and higher motor vehicle registration and inspection fees.
The money will be used for road and transit projects that would not otherwise be funded by the state, including a new Fairfax County Parkway interchange, the widening of the Prince William Parkway and a rapid bus line through Arlington County and Alexandria.
The funding process was the result of a compromise between the General Assembly the governor. Rather than raise taxes and fees statewide, the bill allowed local authorities in northern Virginia and Hampton Roads to raise money.
The northern Virginia board consists of five appointees and the top elected officials in Arlington, Fairfax, Loudoun and Prince William counties and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park.