Voters To Decide Program To Speed Road Work
Posted: October 30, 2011 at 5:50 a.m.
Farmington resident Amy Smith idles in congested traffic at the Interstate 540 interchange at Martin Luther King Boulevard twice a day between her home and north Fayetteville workplace.
Motorists wait to pass traffic lights Oct. 19 along Martin Luther King Jr. Boulevard in Fayetteville near Interstate 540 as c...
Traffic begins backing up Oct. 13 at the beginning of the evening rush hour at Interstate 540 and Southwest 14th Street in Be...
At A Glance
Major Highway Construction
The bonds being used to finance interstate improvements in Arkansas are called Grant Anticipation Revenue Vehicles, or GARVEE, bonds. This financing mechanism generates money for major highway projects more quickly than traditional funding.
If voters approve a proposed bond program on Nov. 8 to rehabilitate the interstate system in Arkansas, the state Highway and Transportation Department would be authorized to issue up to $575 million in bonds. The bonds would be paid off with the 4 cents per gallon diesel tax and federal highway money.
The diesel tax provides the Highway Department with $16.2 million each year. Cities and counties receive $3.5 million annually from the tax revenue to spend on local road improvement.
Source: Move Arkansas Forward, Staff Report
Web Watch
Polling Places
View local polling places and times, and a statewide map of proposed interstate repairs at www.nwaonline.com.
This story is only available from the archives. Click here to contact the online desk.
(Advertisement)
« Previous Story
Students Help Restore Wetland
University of Arkansas students spent their morning sawing, clipping and cutting their way through invasive pl... Read »
Next Story »
Prostitution Small But Steady Presence
Prostitution flies under the radar in Northwest Arkansas, attracting attention mostly when someone complains o... Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.