Proposed Clark County/Las Vegas Metro Fuel Tax Hike

Started by andy3175, June 26, 2016, 01:15:12 AM

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andy3175

I know roadfro has been following this, so here's an update on the proposed November 2016 ballot initiative for Clark County residents to index gasoline tax by an inflationary factor each year through 2026.

http://www.reviewjournal.com/news/las-vegas/clark-county-fuel-tax-hike-measure-tweaked-nov-8-ballot

QuoteIf the measure is approved, motorists could pay see an estimated 36.32-cent jump for a gallon of gasoline, compressed natural gas, liquefied petroleum gas and diesel fuel by the time the tax expires on Dec. 31, 2026, based on a 4.54-percent rate of inflation, according to figures provided by the Regional Transportation Commission of Southern Nevada. ...

Before 2013, Southern Nevada motorists paid a 52-cent tax for every gallon of gasoline. Combined with the fuel revenue index tax, drivers now pay 62 cents per gallon. If the measure is approved, they could pay 98.32 cents per gallon in taxes by 2026. ...

The Nov. 8 ballot question will ask: "Shall Clark County continue indexing fuel taxes to the rate of inflation, through Dec. 31, 2026, the proceeds of which will be used solely for the purpose of improving public safety for roadway users and reducing traffic congestion, by constructing and maintaining streets and highways in Clark County?"  ...

Several ongoing projects might not be fully completed as planned if voters don't approve the updated fuel tax measure, RTC officials said. Among them:

■ A new Sky Pointe interchange at U.S. Highway 95 and the 215 Beltway, where the Nevada Department of Transportation is building ramps. The $155 million project also calls for widening the northbound Beltway to three lanes in each direction.

■ A $20 million study on how Interstate 11 would connect from Boulder City, through the Las Vegas Valley and into Northern Nevada.

■ A study to connect the southbound U.S. Highway 95 to the westbound Beltway in Henderson was funded by the current fuel revenue index tax, but the $100 million project is expected to be financed by the tax extension.

■ A study to improve Las Vegas Boulevard, between Stewart and Sahara avenues, was funded by the current fuel tax, but the $45 million project is supposed to be paid for by the tax extension.

A more complete project list is at http://www.rtcsnv.com/fri/index.html and includes a 42-page detailed list at http://www.rtcsnv.com/fri/docs/RPT_ATP.pdf.
Regards,
Andy

www.aaroads.com


GaryV

Scare much?

I'd be more worried about a 4.5% inflation rate than gas taxes being indexed.

Inflation has been under 2% for 7 of the last 10 years, and less than 1% for 4 of those years.


roadfro

One county commissioner wants to make sure residents know what they're voting on with November's Fuel Revenue Indexing (FRI) extension ballot measure:

Sisolak wants a 'clean explanation' for vote on extension of fuel tax increase, Las Vegas Review-Journal, 7/5/16
Quote
Maybe you thought gasoline prices would drop after 2026 when an extension of a fuel tax increase measure was set to expire.

But that's not so, Clark County Commissioner Steve Sisolak said Tuesday.

Those tax hikes will linger for roughly another 30 years to pay for bonds to cover the cost of building new roads, freeways and other projects totaling $3 billion if a simple majority of county voters approve a measure in November that calls for continuing to raise the fuel tax over the next decade, he said.

The County Commission chairman said he supports a county measure calling for a 10-year extension of a fuel revenue index tax that took effect in 2013, but added that he wanted to have a "clean explanation"  for voters to review.

"The representation that after 10 years these taxes will stop is not correct, and these taxes will continue for the life of the bond, which I believe is going to be 30 years,"  Sisolak said. "It's concerning to me that people don't know exactly what they're voting on."
Roadfro - AARoads Pacific Southwest moderator since 2010, Nevada roadgeek since 1983.

roadfro

Voters appear to be voting in favor of Clark County Question 5, which would extend the Fuel Revenue Indexing program. At least based on numbers I saw earlier this evening. Not official yet though...

I just saw a election results site that indicates that practically every other county in Nevada (except Washoe County, where Reno & Sparks are) had some kind of fuel tax initiative on the ballots. Every other one of these seems to be failing by considerable margins.
Roadfro - AARoads Pacific Southwest moderator since 2010, Nevada roadgeek since 1983.



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