The Nebraska Revenue Committee unanimously approved a bill last week that relies on a portion of the existing state sales tax and bonding to fund road work. The bill, LB84, now heads to the full Legislature. It earmarks a half-cent of the state sales tax each year for two decades, beginning in 2013, for highway construction. A projected $125 million a year would be deposited into a newly created State Highway Capital Improvement Fund set aside for high-priority improvement and reconstruction projects. Bonding would only be allowed if a constitutional amendment is approved by Nebraska voters. (More at LandLineMag.com . . . )
NE Revenue Committee OKs Using Sales Tax for Roads
Half a cent of state sales tax would put $125 million per year in a State Highway Capital Improvement Fund
Feb 25, 2011
Latest in Business
Why The Skilled Labor Shortage Isn't What You Think It Is
September 18, 2025
Terex to Sell Tower and Rough Terrain Crane Businesses to Raimondi
September 17, 2025
The Dangers of the 'Accidental Project Manager' in Construction
September 16, 2025