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

3 years 1 week 6 days ago January 28, 2013 Jan 28, 2013 Monday, January 28 2013 Monday, January 28, 2013 7:01:28 AM CST in News
By: Elise Oggioni

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
JEFFERSON CITY - Living conditions in one public housing complex have a mother too worried to sleep through the night.... More >>
1 month ago December 17, 2015 Dec 17, 2015 Thursday, December 17 2015 Thursday, December 17, 2015 7:42:28 PM CST in Target 8
COLUMBIA – Veterans across the state could have a place to go to receive live-in care. The Missouri House... More >>
4 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 7:17:21 PM CST in News
JEFFERSON CITY – A Missouri House committee passed a bill Thursday to help those who are deaf or blind gain... More >>
4 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 6:55:43 PM CST in News
ST. LOUIS (AP) — St. Louis fire crews rescued two young boys from a burning apartment where officials said they... More >>
4 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 6:42:15 PM CST in News
JEFFERSON CITY (AP) — Legislation requiring a private company to review Missouri's welfare rolls is moving forward in the Legislature.... More >>
5 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 6:27:10 PM CST in News
ST. LOUIS (AP) — Missouri's top two elected officials credited Ferguson on Thursday with pressing ahead with policing and court... More >>
5 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 5:48:24 PM CST in News
COLUMBIA - Normally, the lake behind Bass Pro Shop in north Columbia is used for fishing. But on Thursday,... More >>
5 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 5:46:09 PM CST in News
KANSAS CITY (AP) — A 35-year-old Crips street gang member has been sentenced to 30 years in federal prison for... More >>
6 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 5:17:25 PM CST in News
IRONTON (AP) — Authorities say a 3-year-old Missouri boy who was found dead hours after he was reported missing likely... More >>
6 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 5:11:51 PM CST in News
COLUMBIA - A man and his dog are safe after venturing out onto a frozen lake. The man reportedly... More >>
6 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 5:08:26 PM CST in Top Stories
CAMDEN COUNTY - Camden County Sheriff's deputies arrested a Sunrise Beach man on drug charges after a traffic stop Thursday.... More >>
7 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 4:28:59 PM CST in News
JEFFERSON CITY - A New Haven man was indicted by a federal grand jury for attempting to entice a minor... More >>
7 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 4:03:37 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers are considering several measures to combat what they call a heroin epidemic. ... More >>
8 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 2:57:16 PM CST in News
JEFFERSON CITY - Two Missouri lawmakers introduced new legislation that would give working families paid leave Thursday. Sen. Jill... More >>
8 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 2:57:03 PM CST in Top Stories
MORGAN COUNTY - A man wanted by multiple law enforcement agencies on kidnapping charge is now in custody as of... More >>
9 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 2:31:08 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers voted to give themselves more control over the Capitol's renovations and security. The... More >>
10 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 1:36:50 PM CST in News
COLUMBIA - When shopping for your valentine, it is important to ask if the diamond is man-made or synthetic. ... More >>
11 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 12:18:04 PM CST in Top Stories
VERSAILLES (AP) — A Missouri state trooper will be scheduled for a jury trial now that he has waived his... More >>
11 hours ago February 11, 2016 Feb 11, 2016 Thursday, February 11 2016 Thursday, February 11, 2016 12:17:24 PM CST in News
Interactive Radar Columbia, MO
Broken Clouds 26°
12am 29°
1am 28°
2am 26°
3am 26°

Select a station to view its upcoming schedule:

Coming Up Next

10:35 pm
The Tonight Show Starring Jimmy Fallon
11:37 pm
Late Night with Seth Meyers
12:37 am
Last Call with Carson Daly
11:30 pm
Community
12:00 am
Community
12:30 am
The King of Queens

Tonight's Schedule

7:00 pm
You, Me and the Apocalypse
8:00 pm
The Blacklist
9:00 pm
Shades of Blue
7:00 pm
DC's Legends of Tomorrow
8:00 pm
The 100
9:00 pm
KOMU 8 News @ Nine on The CW
9:30 pm
Seinfeld