Committee issues report on highway needs | Arkansas Blog

Thursday, July 1, 2010

Committee issues report on highway needs

Posted By on Thu, Jul 1, 2010 at 3:29 PM

The Blue Ribbon Committee on Highway Finance issued an interim report today. You can read it here.

Short version: Money is insufficient. There are many ideas for raising more, but the committee isn't ready to narrow its recommendations yet. Said a news release:

The committee will continue to meet and study a wide array of possible funding options, 18 of which were listed in the report. Among those were indexing motor fuel taxes to the Arkansas Highway Construction Cost Index; a phased-in levy of an excise tax on motor fuels at the wholesale level; a construction bond issue funded by a temporary ½¢ sales tax that would be sunset in 10 years or sooner, and the 10-year phase-in of existing vehicle-related sales taxes from general revenue into the highway fund. A number of possible options could be referred to a vote of the people for approval, according to the committee’s most recent discussions.

Tax increase in 2011? Doubtful.

Tags: , , ,


Sign up for the Daily Update email
Favorite

Comments (10)

Showing 1-10 of 10

Add a comment

 
Subscribe to this thread:
Showing 1-10 of 10

Add a comment

More by Max Brantley

Readers also liked…

Most Viewed

Most Recent Comments

Slideshows

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation