States using vanity plates to supplement budget problems
Posted on January 15th, 2012
In an effort to battle an ever-growing budget crunch across the country, many states have started charging significant amounts of money for personalized license plates, according to The Wall Street Journal.Some parts of the country have historically charged as little as $5 for the specialized car accessories, but recently Texas prices hit as high as $15,000 for a plate which read FERRARI.Many states are raising surcharges and proposing annual fee hikes for these personalized plates, but the Lone Star State Star took it even further. Texas hired a private company to raise $25 million over the next five years with a license plate auction, the newspaper reports.
Tags: Budget, Budget Problems
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