LITTLE ROCK — Arkansas’ governor is proposing elevating a further $300 million in freeway funding a 12 months by means of a plan that will depend on rising taxes and tapping into anticipated on line casino income.
Republican Gov. Asa Hutchinson on Monday unveiled his freeway funding plan after his revenue tax lower proposal confronted resistance from some GOP lawmakers who’ve vented frustration about inaction on discovering new cash for roads.
Hutchinson’s proposal consists of asking voters subsequent 12 months to increase a half-cent gross sales tax that was authorized in 2012 for highways. It additionally requires imposing a brand new gas tax that may enhance gasoline costs three cents a gallon and diesel 6 cents a gallon.
It could additionally dedicate not less than $35 million in tax income from casinos that had been legalized by voters final 12 months.