Vote Smart's Synopsis:

Vote to pass a bill that appropriates funds for transportation projects.

Highlights:

• Appropriates $30 million or the amount of excess reserves for fiscal year 2016, whichever is less, to the local road and bridge matching grant fund (Sec. 3).

• Appropriates funds to the state highway fund, including the following funds (Sec. 3):
• Any remaining excess reserves for fiscal year 2016; and
• All excess reserves for fiscal year 2017.

• Increases the gasoline tax from $0.18 per gallon to the product of $0.18 and a factor determined by the Consumer Price Index (CPI) and the National Highway Construction Cost Index (NHCCI), effective June 30, 2016 (Sec. 21).

• Increases the cigarette tax on cigarettes weighing up to 3 pounds per 1,000 cigarettes from $0.05 to $0.10 per individual cigarette (Sec. 29).

• Increases the cigarette tax on cigarettes weighing more than 3 pounds per 1,000 cigarettes from $0.07 to $0.13 per individual cigarette (Sec. 29). 

• Authorizes a municipality with a population of more than 20,000 people to adopt an ordinance that establishes a motor vehicle license excise tax or wheel tax for road construction projects (Secs. 15 & 16).

• Transfers $20.7 million from the Tax Amnesty Fund into a Pension Stabilization Fund (Sec. 31).

• Transfers $42 million from the Tax Amnesty Fund into the Regional Cities Development Fund (Sec. 31).

Full Bill Text