What Would The Proposed 10-Year Extension Do?
The continuation of Fuel Revenue Indexing would help fund roadway projects to continue creating jobs, reducing congestion and improving safety. Making transportation infrastructure a priority will help ensure that Southern Nevada is prepared to meet the transportation needs of our growing community for the next 10 years. By 2025, Clark County is expected to grow to 2.7 million people, along with more than 53.1 million visitors traveling to Las Vegas.
Economic Development & Business Impacts:
- Create up to 25,000 jobs
- National studies indicate that every $1 spent in surface transportation creates over $4 in economic mobility
- Improved roads and highways attract new industries to our community, stimulating our economy and diversifying our base.
To learn more about Fuel Revenue Indexing from the Regional Transportation of Southern Nevada, visit their Fuel Revenue Indexing page.
Clark County faces a growing transportation funding shortfall
Population and economic growth in Clark County has put a strain on the county's major roads and highways, leading to increased traffic congestion and longer commute times.
Lack of funds for roads and highways during the recession greatly limited transportation investment.
Fuel Revenue Indexing (FRI) is Best Option for Infrastructure Investment
The Legislature, the Governor and the Clark County Commission considered various options to improve transportation and infrastructure and decided that tying a portion of what motorist pay at the pump to inflation was the most viable. So, in 2013, fuel was indexed at approximately 3 cents a year for 3 years. As a result, 221 road and highway projects in Clark County commenced on critically needed projects to ensure residents, visitors and goods can move more efficiently into and through Clark County. Despite the success, there is much more to do.
Continuing Fuel Revenue Indexing is critical to addressing road safety, traffic congestion, and our economy.
The enabling Legislation also called for Fuel Revenue Indexing to be approved by the voters in November 2016. Ballot Question 5, Fix Our Roads, asks voters to continue Fuel Revenue Indexing for ten years. It is estimated that the indexing increase will be less than 2 cents per gallon in the first few years and never increasing more than 4 cents per gallon in any year.
When passed by the voters, “Question 5”, Fix Our Roads, will:
- Reduce traffic congestion and shorten commutes
- Provide for safer and better road conditions
- Only be used for streets and highways and only in Clark County
- Save Clark County residents money in wasted time, fuel and traffic accidents
- Provide for full public disclosure and accountability and audits.
LVGEA BOARD OF DIRECTORS SUPPORT FUEL REVENUE INDEXING EXTENSION
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