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

3 years 11 months 3 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
Embed Code Copied

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
COLUMBIA - The Columbia Police Department said it arrested two armed robbery suspects Monday. Detectives said they arrested 26-year-old... More >>
2 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 10:40:00 PM CST in News
COLUMBIA - One person was hospitalized after being shot in north Columbia Monday evening, according to the Columbia Police Department.... More >>
4 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 8:47:00 PM CST in News
KANSAS CITY, Kan. (AP) — A 70-year-old man who told investigators after robbing a Kansas bank that he'd rather be... More >>
5 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 7:15:01 PM CST in News
JEFFERSON CITY (AP) — Missouri's new Republican secretary of state has been defending his decision to appoint a securities industry... More >>
6 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 7:08:05 PM CST in News
COLUMBIA - The City of Columbia is looking to improve its apartment recycling program. The program provides recycling containers, which... More >>
6 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 6:39:00 PM CST in News
JEFFERSON CITY - Legislation regarding the safety of Missouri law enforcement officers and first responders continues to be a hot... More >>
7 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 5:40:00 PM CST in News
COLUMBIA - A twin-engine Beechcraft Baron aircraft had a crash landing on Monday afternoon at Columbia Regional Airport. The... More >>
8 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 4:38:00 PM CST in News
ST. JOSEPH (AP) — A proposed bill would impose penalties on Missouri gun owners who don't report a lost or... More >>
9 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 3:16:00 PM CST in News
COLUMBIA - If you're a Missourian and have purchased dairy products in the past 14 years, you might be eligible... More >>
10 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 2:55:00 PM CST in News
COLUMBIA - I’ve said it before and I’ll say it again (and again and again). Sleep is incredibly important. It’s... More >>
11 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:47:00 PM CST in News
AUDRAIN COUNTY - A Vandalia man was sentenced to seven years in jail after he encouraged a 13-year-old to have... More >>
11 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:43:00 PM CST in News
JEFFERSON CITY - Missouri State Auditor Nicole Galloway released an audit on Shelbina municipal court in northeast Missouri that found... More >>
12 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:13:00 PM CST in News
COLUMBIA - Economic Development Director Stacey Button is not looking for a new airport manager. Former Columbia Regional Airport... More >>
12 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 12:32:00 PM CST in News
COLUMBIA - Columbia police are looking for a possible link between a shots-fired call and a shooting victim who showed... More >>
15 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 9:35:00 AM CST in News
KANSAS CITY, Mo. (AP) — Authorities say a decomposed body has been found near a bridge in a Kansas City... More >>
18 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 6:30:00 AM CST in News
LA MONTE - The Pettis County Prosecuting Attorney's Office filed charges against three men after a home invasion Saturday night.... More >>
1 day ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 6:47:00 PM CST in News
COLUMBIA - The MFA Oil Break Time shootout featured talented athletes from all around Missouri on Sunday. There were six... More >>
1 day ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 6:45:00 PM CST in News
COLUMBIA - Less than 24 hours after a call for help identifying the driver in a hit-and-run, Columbia police have... More >>
1 day ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 4:40:00 PM CST in News
Columbia, MO
Broken Clouds 34°
2am 32°
3am 32°
4am 31°
5am 31°

Select a station to view its upcoming schedule:

Coming Up Next

1:07a
The Insider
1:37a
Paid Program
2:07a
Today
1:00a
Cheaters
1:30a
Seinfeld
2:00a
Paid Program

Tonight's Schedule

7:00p
The Wall
8:00p
This Is Us
9:00p
Chicago Fire
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld