$300 Million Highway Plan Announced

$300 M Highway Plan

Governor Asa Hutchinson joined legislative leadership on Monday announced details of a proposed $300 million, long-term highway plan. At $300 million in increased annual revenue to State Highways, this plan would be the largest in Arkansas’s history.

The plan is broken down into two parts, the first of which is an extension of the half-cent sales tax of 2012 through a Referred Amendment for 2020. This would generate $205,590,000 a year for highways.

A large portion (roughly 28 percent) of the current half-cent sales tax will go toward paying off bonds for road projects. By extending the half-cent sales tax, the state would be able to shift to a “pay as we go” system.

The second part of the plan would produce $95,071,995 in additional, ongoing funding.     MORE

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