Nickel Project
The Nickel Project is a nickname for a transportation funding package enacted in 2003 by the 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:
- 5 cents per gallon gas tax increase
- 15% increase in gross weight fees on heavy trucks
- 0.3% increase in the sales tax 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.
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