Funding Transportation With Diverted Sales And User Tax Revenue

By Blackwell Digital | Read Time 1 minute minutes

Upon the legislature’s and voters’ approval, Missouri House Joint Resolution 33 (HJR 33) would divert 0.1 percent of existing state sales tax revenue (currently $63,167,469) to the State Road Fund, which funds the Missouri state highway system. The amount diverted would then increase by 0.1 percent per year, assuming 3 percent general revenue growth, until the total amount diverted reached 0.5 percent ($315,837,346 annually). Missouri policymakers have an obligation to put the state’s transportation funding on a sustainable path; however, diverting a portion of the state’s general sales tax is a dubious policy solution.

Read the full testimony: .

About the Author

Contributing writer at the Show-Me Institute.

Similar Stories

Support Us

Headline to go here about the good with supporting us.

Donate
Man on Horse Charging