The 2003 Washington State Legislature enacted the Nickel funding package: It’s your Nickel, Watch it Work.
The revenue package funds 158 projects over a 10-year period. The Nickel Package includes:
- 5 cents per gallon gas tax increase
- 15 percent increase in gross weight fees on heavy trucks
- 0.3 percent increase in the sales tax on motor vehicles
When the projects are built, and the accompanying bonds are paid off, the five-cent-per-gallon gas tax increase will expire.
What types of projects are funded from the 2003 Nickel Funding Package?
Total investment: $3.9 billion, 158 projects
Highway Improvements: $3.2 billion, 125 projects
- Alaskan Way Viaduct - $177 million
Begin design, complete the environmental impact statement (EIS), and start to purchase critical right of way needs
- SR 520 Bridge - $52 million
Complete the EIS and begin design of the project
- Congestion Relief - $2.6 billion
Improve the movement of traffic in some of the most congested areas of the state, including $2.2 billion for projects in the Central Puget Sound area and $190 million in Spokane.
- Constructing HOV or general purpose lanes
- Improving interchanges
- Building truck climbing or passing lanes
- Safety - $211 million
Statewide projects to fix some of the worst locations for frequent accidents including run-off-the-road danger.
- Improving dangerous intersections by adding signals, turn lanes, or lighting
- Widening shoulders on narrow two-lane roads
- Straightening curves
- Installing new or upgrade obsolete guardrail
- Freight Mobility and Economic, $121 million
Improves freight transportation on our state highways.
- Environmental, $35 million
Addresses specific noise and flood issues.
Highway Preservation: $145 million, 2 projects
- Begin to address the future concrete pavement needs in heavy traveled corridors
Washington State Ferries: $298 million, 5 projects
- Provide for one new auto/passenger ferry boat
- Improve ferry terminals in Mukilteo, Anacortes, and Edmonds
Freight Mobility and Economic: $12 million, 2 projects
- Make improvements to assist freight transportation on local roadways and rail systems.
Multimodal Improvements: $210 million, 24 projects
- Improve Amtrak Cascades passenger rail service with projects that support better on-time performance and that will reduce travel times between cities
- Preserve freight rail infrastructure within the state