Arkansas governor proposes tapping funds for highways

Arkansas governor proposes tapping funds for highways

Associated Press

LITTLE ROCK, Ark. (AP) - Gov. Asa Hutchinson is calling for taking money from general revenue and surplus funds to raise an additional $339 million for Arkansas' highways during the next five years, but isn't recommending any of the tax or fee increases suggested by a committee he formed.

The Republican governor on Tuesday unveiled the highway funding proposals he wants lawmakers to consider during a special session this year. Hutchinson proposed increasing funding for highways by $46.9 million in the coming year, with $40 million of that coming from surplus funds.

Hutchinson also proposed gradually diverting up to $25 million from sales tax revenue on new and used vehicles to highways.

Highway officials say they have $20.4 billion in needs over the next decade, but expect only $3.6 billion in state and federal funding.

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