How the Republican Caucus is talking about transporation funding from the 2015 Legislature:<\/p>\n
“SJR 5 is a bipartisan resolution that transfer up to $2.5 billion annually of general sales tax revenue to the State Highway Fund, beginning in 2018. Given conservative estimates, this measure could increase transportation funding by $3 billion annually beginning in 2020.<\/p>\n
\u201cSJR 5 would allocate more funding for much-needed transportation projects without raising taxes or fees,\u201d said Simmons. \u201cBy capturing existing revenue, we can enhance our state\u2019s transportation infrastructure without placing additional burdens on taxpayers.\u201d<\/p>\n
The proposed constitutional amendment also includes measures that allow for flexibility to the transfer should there be a downturn in the economy and collections. If collections for a fiscal year are below $28 billion, then no money will be transferred from the general sales tax collections to the State Highway Fund.” \u00a0Rep. Ron Simmons<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" How the Republican Caucus is talking about transporation funding from the 2015 Legislature:<\/p>\n “SJR 5 is a bipartisan resolution that transfer up to $2.5 billion annually of general sales tax revenue to the State Highway Fund, beginning in 2018. Given conservative estimates, this measure could increase transportation funding by $3 billion annually beginning in 2020.<\/p>\n \u201cSJR 5 would allocate more funding for much-needed transportation projects without raising taxes or fees,\u201d s…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,5],"tags":[],"class_list":["post-204","post","type-post","status-publish","format-standard","hentry","category-funding","category-roads","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts\/204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/comments?post=204"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/posts\/204\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/media?parent=204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/categories?post=204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/transportation\/wp-transportation\/wp-json\/wp\/v2\/tags?post=204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}