Arkansas voters approved a measure to add a half-cent to the state鈥檚 6-cent sales tax to pay for the widening of a dozen state highways and for major improvements on several others.
Passage of the road-tax measure 鈥 marking the first time that 鈥 was a welcome surprise, said Lane Kidd, president of the Arkansas Trucking Association.
鈥淥n the same day that the electorate voted Republicans into the majorities of both the state senate and the state house, they also approved a tax increase,鈥 Kidd said.
鈥淚t鈥檒l be a tremendous boost to the highway department鈥檚 budget,鈥 he added. 鈥淭hat department will have more cash than it鈥檚 ever had.鈥
The half-cent tax will last 10 years and 30% of the revenue raised will go to cities and counties to spend on their roads.
About 58% of voters approved the measure, the (Fort Smith, Ark.) City Wire reported on its website. Cities and counties will each receive 15% of revenue under the program, estimated to be about $670 million, the paper said.
At the state level, the new revenue will allow Arkansas to sell $1.3 billion worth of bonds in order to launch the highway widening projects.
