May 10, 2011
Last week Utah legislators demonstrated that taxpayers value high-quality transportation. As reported by Loretta Park at the Standard Examiner, Utah can now take up to 30% of the growth of certain sales tax money and earmark it for transportation. The fund can be used for road and bridge maintenance as well as new construction. It may also be used as a secondary rainy day fund for other purposes. Utah Senate Bill 229, which goes into effect July 1, 2013, will eliminate or defer the need to increase the tax on gas in the state of Utah. Wisely managed, this can be a new revenue source to supplement gas taxes that have not kept up with inflation and construction costs.
Author: Jonathan MacIver