Arkansas Unveils $300M Highway Plan

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LITTLE ROCK, AR (Ben Caxton) — Arkansas Governor Asa Hutchinson unveiled an ambitious new $300M highway funding plan on Monday. Hutchinson’s proposal would be paid for by casino gambling revenue and increased taxes. The move comes as the governor’s plan to reduce state income taxes by $97 million has faced increased opposition from legislators in his own party who want to see action state roads and highways. $206 million of the proposal would come from extended a 1/2 cent state sales tax for roads that was approved by voters in 2012. The remaining $95 million would require approval of the legislature to increase taxes on gasoline by 3 cents and diesel by 6 cents per gallon while adding new registration fees for hybrid and electric vehicles.

 


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