One-Cent Sales Tax Increase Will Fund New I-70 Project

4 years 5 months 2 weeks ago January 28, 2013 Jan 28, 2013 Monday, January 28 2013 Monday, January 28, 2013 7:01:00 AM CST in News
By: Elise Oggioni
loading

CALLAWAY COUNTY - If you're driving on I-70 between Boone and Callaway counties, you may see some changes in the near future.

MoDot plans to construct nearly 8-billion dollars in new highways by implementing a temporary 1-cent increase in the state sales tax. The project would construct a new I-70 highway as well as build a new highway from Fulton to the Callaway nuclear plant. The plan would also build a new 6-lane highway with 2 lanes used by trucks and 4 lanes used by cars and other smaller vehicles.

The department's current plan includes rebuilding nearly all of I-70 from Wentzville near st. Louis to Independence near Kansas City.

10 percent of the new sales tax revenue, about $400 million, would be shared with counties and cities around the state to help with street and road needs.

The temporary 1-cent increase in the state sales tax would expire after 10-years, and will not be collected on medicine, groceries, or gasoline. The increase would go on the November 2014 general election ballot unless Governor Nixon decides to place the issue before the voters at an earlier election.

The temporary extra sales tax money could not be diverted to other state uses and could be used only for transportation projects.

The plan would also include a provision that the state's gas tax could not be increased when the 1-cent sales tax hike is in effect, so drivers won't feel pain at the pumps because of this increase either.

Now, this sales tax increase would come in the form of a constitutional amendment, which could be placed before the voters by the Missouri General Assembly.

If the 10-year sales tax is not renewed by Missouri voters, other funds available to MoDot would be used to pay off the remaining bonds on the I-70 project.

 

More News

Grid
List
ROLLA - A drug deal turned violent Wednesday night, leaving a woman hospitalized with a gunshot wound to her head.... More >>
32 minutes ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 11:08:00 AM CDT in News
JEFFERSON CITY — The Jefferson City Police Department is looking for two teenagers who reportedly went missing in the area... More >>
41 minutes ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 10:59:00 AM CDT in Top Stories
COLUMBIA — Columbia Police are investigating a home invasion and armed robbery at the Campus View apartment complex Wednesday night.... More >>
1 hour ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 10:07:00 AM CDT in News
ST. JOSEPH (AP) — Authorities say three people have been wounded in a shooting at a St. Joseph apartment complex.... More >>
2 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 9:18:00 AM CDT in News
ST. LOUIS (AP) — A 27-year-old St. Louis jail inmate is hospitalized in critical condition after being found beaten in... More >>
2 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 9:06:00 AM CDT in News
SULLIVAN, Mo. (AP) — Thousands of ticks have been collected for testing from a Missouri park after a worker died... More >>
2 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 8:42:00 AM CDT in News
COLUMBIA - If you live in southwest Columbia, the city has a suggested watering schedule that might affect you. ... More >>
3 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 8:35:00 AM CDT in News
CAMDEN COUNTY - Authorities are asking for help in locating a missing man who is considered endangered. James Hanberry... More >>
3 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 8:34:00 AM CDT in News
NORTHMOOR, Mo. (AP) — Prosecutors have filed charges against a man accused of driving off in a suburban Kansas City... More >>
4 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 7:18:00 AM CDT in News
SPRINGFIELD, Mo. (AP) — Authorities say a man is being questioned in the death of a woman in southwest Missouri.... More >>
4 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 7:14:00 AM CDT in News
KANSAS CITY, Mo. (AP) — A Missouri appellate court says a judge's blocking an ethics panel from requiring a conservative... More >>
4 hours ago July 20, 2017 Jul 20, 2017 Thursday, July 20 2017 Thursday, July 20, 2017 7:09:00 AM CDT in News
COLUMBIA - A sentencing hearing will enter its second day Thursday for a 27-year-old man found guilty of raping three... More >>
13 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 9:46:00 PM CDT in News
FULTON - After two months of discussion, MU Health announced it will sell its 35 percent stake in the Fulton... More >>
17 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 6:34:00 PM CDT in News
Note: Above you will find the story that aired as well as full interviews with Linda Godwin and Alex Young.... More >>
17 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 6:10:00 PM CDT in Eclipse Science
JEFFERSON CITY, Mo. (AP) — Missouri Republicans are coalescing around Attorney General Josh Hawley as their favored candidate to challenge... More >>
18 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 5:21:00 PM CDT in News
CLAYTON, Mo. (AP) — Some members of the St. Louis County Council say they were tricked into sweetening the pension... More >>
18 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 5:13:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Key lawmakers say a prescription drug monitoring program that Republican Gov. Eric Greitens created through... More >>
18 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 5:01:00 PM CDT in News
KANSAS CITY, Mo. (AP) — New federal indictments accuse a fifth person and add more charges against the previous four... More >>
18 hours ago July 19, 2017 Jul 19, 2017 Wednesday, July 19 2017 Wednesday, July 19, 2017 4:49:00 PM CDT in News
Columbia, MO
Broken Clouds 91°
12pm 92°
1pm 94°
2pm 95°
3pm 97°

Select a station to view its upcoming schedule:

Coming Up Next

11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
12:30p
Inside Edition
11:00a
Jerry Springer
12:00p
Jerry Springer
1:00p
Maury

Tonight's Schedule

7:00p
Hollywood Game Night
8:00p
The Wall
9:00p
The Night Shift
7:00p
Penn & Teller: Fool Us
8:00p
Hooten & the Lady
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld