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
- Locally grown food sources touted 7:05 p.m.
- U.S. Magistrate denies Barron 6:55 p.m.
- Highland station fires up neighbor 6:38 p.m.
- Dampier back after hospitalization 6:21 p.m.
- Ravens without Ngata vs. Browns 6:19 p.m.
- Activist's necessity defense barred 6:19 p.m.
- I-15 driver may have suffered stroke 6:15 p.m.
- Kansas a runaway No. 1 in AP 5:55 p.m.
- 5 years to life for holiday slaying 5:54 p.m.
- Transactions 5:46 p.m.
- MWC expand? Get rid of deadweight
- Relieved Cougs prep for Falcons
- Wounded Utes limp home
- Jazz rookies had to grow up quickly
- Big games keep UHSAA coffers full
- Barzee to plead guilty
- Williams returns to team
- RSL surprised by Chicago's Fire
- Vitamin D deficiency puts U.S. at risk
- Jazz notes: Young bigs ride bench
- TCU creams U.
233 - BYU happy to escape with victory
232 - Editorial: Mormons and gay rights
222 - Will state consider gay rights law?
160 - RSL heads to MLS title game
134 - Can BYU root for (ick) Utah Utes?
132 - Utes remain silent about BCS
120 - TCU stays 4th in AP; Y. 19th, U. 23rd
114 - MWC expand? Get rid of deadweight
112 - 5A: Bingham rolls to title game
106
The Gateway, 400 W. 200 South, will kick off the holiday shopping season...
I was a bit under the weather last week, which gave me some time to...
What about Parker Ericson... Shout out from hunter fan. Ya u heard me....
Know any RMs playing in Division I college football? I know of a few down...
The game was UGLY. Kind of like the Utah New Mexico game last year, or the...
Was a liar. He manipulated his way out of his contract to return to LA. His...
I really believe the Iverson cared more about playing for a competitor than...
that because Godfrey is a poor mayor that it's because of the salary he is...
Boo Hoo Hoo!!!
you kinda condradicted yourself by saying the community is with the coaches...
Brilliant! we have to keep miles "because he has a contract" too bad we can`t...
@Hahahahahahaha: Thanks for the update as to when we'll all be homeless....

You can be the first to comment on this story.