In a survey published by Scioto Analysis this morning, 26 of 32 surveyed Ohio economists disagreed with the statement that decreasing state highway spending for the next five years by repealing increases to the state gas tax would create economic benefits that outweigh the policy's economic costs.
Among those who disagreed, many commented on the efficiency of gas taxes, stating that gas taxes ensure the people who are using roads are those who pay for them. They also noted the impact of negative externalities of driving such as air pollution, congestion, and crashes, which are mitigated by the gas tax. Many also talked about the public value of strong infrastructure in the state.
Of the two economists who believed the gas tax freeze would help the economy, neither gave optional comments. Of those who were uncertain, two emphasized the importance of where highway funds were going and which specific projects were being spent on.
The Ohio Economic Experts Panel is a panel of over 40 Ohio Economists from over 30 Ohio higher educational institutions conducted by Scioto Analysis. The goal of the Ohio Economic Experts Panel is to promote better policy outcomes by providing policymakers, policy influencers, and the public with the informed opinions of Ohio’s leading economists.