Funding Transportation With Diverted Sales And User Tax Revenue
Upon the legislature’s and voters’ approval, Missouri House Joint Resolution 33 (HJR 33) would divert 0.1 percent of existing state sales tax revenue (currently $63,167,469) to the State Road Fund, which funds the Missouri state highway system. The amount diverted would then increase by 0.1 percent per year, assuming 3 percent general revenue growth, until the total amount diverted reached 0.5 percent ($315,837,346 annually). Missouri policymakers have an obligation to put the state’s transportation funding on a sustainable path; however, diverting a portion of the state’s general sales tax is a dubious policy solution.
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