Local Gov Trend: Businesses Support Sales Tax. More Transportation Funding. Improves Economic Development.

In Hillsborough, Florida business organizations are “gearing up to lead the campaign to pass a half-cent sales tax for transportation projects if county commissioners agree to put the tax on the November 2016 ballot.”

Business says lack of adequate roads and transportaiton funding is harming economic development. 

Tampa Tribune

One City. One Transportation Trust Fund. Pay as You Go with Sunsets.

Cape Girardeau, Missouri has a pay as you go transportaiton fund that works like this:

  • Funds are held in a restricted account to fund a group of pre-established projects that are completed over a 5 year period.
  • Projects are scheduled as the sales taxes were collected
  • Always will be on a “pay-as-you-go” system.
  • No bonds would be issued;  thus no  interest paid.
  • Creates a user’s tax funded by citizens and visitors who use our streets.
  • Sunsets every 5 years and requires citizen…

Local Gov. Trend: Transportation Funding

Seattle has a transportation funding crisis. The mayor has called for $930 million in additional funding. 

Two City Council members tried to counter the straight $930mllion levy on property taxes with a funding plan that included:

  • $600 M levy on property taxes
  • with a employee hours tax and a commercial parking tax

The move failed, but the creativity in the funding structure should be appreciated.

KUOW.ORG Seattle

Fund Transportation by Taxing Business Income Kept in Foreign Lands

Trying to find a solution for transportation funding, bipartisan U.S. Senators seek to tax foreign assets.

“Sen. Charles Schumer (D., N.Y.) and Rob Portman (R., Ohio), co-chairmen of a Senate Finance Committee working group on overhauling the international tax system, would impose a one-time tax on profits that multinational companies have stashed overseas at a rate lower than the current 35% U.S. corporate tax rate, according to a summary of its major provisions.”

WallStreet Journal

6 Republican Governors Broke No New tax Pledge for Transportation

With federal transportation funding overhauled stalled, many states this year raised taxes for transportation including:

  • Georgia (Republican Gov.)
  • Idaho (Republican Gov.)
  • Iowa (Republican Gov.)
  • Kentucky 
  •  Nebraska
  • North Carolina (Republican Gov.)
  • South Dakota (Republican Gov.)
  •  Utah (Republican Gov.)

What coalitions supported these tax increases? The peope trying to get to work.

  • business community
  •  the transportation industry
  • ordinary taxpayers
  • + a report on unsafe…

Lege Trend: No Tax Transportation Plan. 6 Funding Sources. 5 Policy Priorities.

California is facing a special legislative session on transportation. Republians have a plan to fix transportation funding without taxes by touting these principles:

  • Reform existing laws to get transportation projects moving quickly and at lower costs
  • eliminating redundancies
  • cutting through red tape
  • making a formal commitment to prioritize transportation
  •  without taking any money away from education or the Rainy Day Fund.

And, by using these funding sources for $6 billion in existing…

How to improve Transportation without Increasing Funding? Friendly Ride Share Policies

A recent Deloitte University Press Report studying what millenials wnat in transportation plans says that a way to save billions & build a trasnportation system for the future is to support alternative approaches.

The answer, folks, to saving billions in transportation: car-, ride- and bike-sharing.

Deloitte University Press   Governing  American Transportation Association Study