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ARC wants 1 percent sales tax for roadsWed, 08/22/2007 - 3:48pm
By: John Munford
Tax would be collected in Fayette, 9 other metro Atlanta counties; legislature approval needed The board of the Atlanta Regional Commission is proposing Georgia implement a one percent sales tax to address the current $3.1 billion shortfall in available funds for short-term transportation projects. Though the ARC projects the sales tax would collect that amount in five to seven years, ARC wants the tax to linger for 30 years so the projects could be financed. The proposal calls for a minimum of 3 percent of the revenue generated by the tax to go towards projects in each of the 10 counties, according to information released by the ARC. To become reality, the sales tax must be approved by the Georgia legislature. “Federal funds for transportation projects are diminishing at the same time metro Atlanta continues to boom," said ARC Chairman Sam Olens. "Traffic congestion is one of the biggest problems we face and we desperately need a new source of funds to fight that congestion through a variety of new ways. We’re not going to stop growing, and this new funding strategy will ensure that the region stays on the move.” login to post comments |