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House approves multi-bill transportation financing package including 5¢ gas-tax increase and bonds, after close votes and failed sunset amendment
Summary
The House passed a transportation financing package March 5 that includes a 5-cent-per-gallon gas-tax increase, a small sales-tax cut, and authorization for large highway bonds. A Representative’s proposal to sunset the increases in 2007 failed on the floor amid extended debate about road needs and fiscal planning.
The Utah House moved a multi-part transportation funding package on March 5, 1997, voting to approve the measures that together create new revenue and bond authority for an expanded highway construction program.
Key elements approved or advanced on the floor included: a 5-cent-per-gallon increase to the state gas tax (effective 07/01/1997) paired with a reduction in the general sales tax by one-eighth of 1 percent, and authorization in SB243 for the state to issue general-obligation bonds (up to $600 million total, with the transcript showing a $350…
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