in a flurry of activity during the final days of Missouri's
legislative session, lawmakers passed SB915, which will be submitted
to voters on Aug. 6. If approved, this transportation funding
package would raise the fuel tax by 4 cents to 21 cents a gallon
and the general sales tax by a half-cent.
also removes the sunset clause of the 6-cent fuel tax increase
approved in 1992. The 1992 increase would have expired in 2008.
the bill specifies how the money will be used and gives voters
the opportunity to review the tax increases again in 2012. If
rejected in 2012, the increased sales tax and fuel tax rates
will return to today's current level.
to an Associated Press report, the half-cent sales tax increase
would generate a projected $297 million annually and the 4-cent
fuel tax increase would raise an estimated $168 million.