From Deseret News archives:
Are tax hikes down the road?
Paying for Utah transportation needs is concern
The Utah Foundation, a nonprofit, non-advocacy research organization, released a report Wednesday recommending how the state can pay for its many transportation needs such as major reconstruction to interstate freeways in Salt Lake, Davis and Utah counties.
While the foundation maintains it does not advocate such tax increases, it did attempt to calculate what certain tax hikes would accomplish.
Among those findings:
Imposing an additional statewide sales tax of 0.25 percent would result in collections of $81.5 million a year; $4 billion over a 25-year period.
A statewide property tax increase of 0.1 percent would generate $133 million each year and $5.2 billion in 25 years.
Charging the current state sales tax on purchases of motor fuels would produce $93 million a year and a total of $4.8 billion over 25 years.
Increasing the state's per-gallon gasoline tax by 5 cents a gallon would yield $68.7 million per year and a total of $2.4 billion over a 25-year period.
The foundation's report, "Fueling our Future: Options for Financing Major Transportation Projects," can be viewed on the Internet at www.utahfoundation.org/reports.html.
"Utah, especially along the Wasatch Front, is facing a transportation crisis," Steve Kroes, executive director of the foundation, said in a press release.
"Highway congestion is getting worse and the planners say we have $23 billion in unfunded transportation projects designed to handle our growth. With a need that large, it's likely that significant tax increases will be discussed by policymakers."
The Wasatch Front Regional Council, in fact, is poised to recommend a group of tax and fee increases that would generate nearly $6 billion for transportation projects by 2015. The council, the metropolitan planning organization for the central and northern Wasatch Front, is scheduled to vote on that proposal this afternoon.
E-mail: zman@desnews.com
Comments
- Sandy may give $ to juco bowl game 6:42 p.m.
- Transactions 6:14 p.m.
- MLB: Police search for kidnappers 6:11 p.m.
- Students: Michigan AD shoved them 6:06 p.m.
- Spurs' Duncan, Parker sidelined 5:55 p.m.
- Falcons say they feed off Smith 5:54 p.m.
- Another delay possible in MLB case 5:53 p.m.
- TCU gets first sellout in 3 years 5:52 p.m.
- S.L., Provo mayors renew rivalry 5:45 p.m.
- Man sentenced for assault, stalking 5:44 p.m.
- TCU showdown has big implications
- Seniors helped BYU regroup
- Hope for single moms
- Lambert surprisingly tops news
- Bystanders framed for child porn
- Korver and Miles to be evaluated
- Utah Jazz Extra: Whose hot/not
- Newhouse Hotel, an explosive end
- 12 high schools ready for 'The Turf'
- Reducing game time laughable
- Gay advocates trek to LDS office
264 - House passes health care bill
222 - Lobo suspended
176 - TCU showdown has big implications
167 - Cougars crush hapless Cowboys
153 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
110 - Thousands protest health bill
110 - Provo company innovating engines
108 - RSL rallies to advance
103
Meghan McCain, the daughter of former presidential candidate John...
Why do so many people live so close to refineries in Utah and elsewhere?
Utah probably WILL lose by less points to TCU than BYU did. Some teams just...
That would be great if former SLC mayor Rocky signed up to get spanked in...
I agree with "@ I don't believe" - I'm sure the vast majority of U.S. Muslim...
Of course Ute fans will run their mouths if they lose to TCU by even one less...
Mr. Sorenson, Regarding Spikes, you missed the perfect opportunity to use...
You don't even KNOW what a liberal believes. I argue with you everyday about...
All of the good work that Jon Huntsman did for our state is about to be...
I love Oh'Really. He knows how to trash a liberal. Oh'Really speaks the...
I consider it morally wrong when any government for any reason whatsoever...
Gotta love those volunteer coaches! What a great way for college students to...


You can be the first to comment on this story.