BOISE – On Monday, Could 10, 2021, Idaho Governor Brad Little signed House Bill 362 into regulation, his sustainable transportation funding answer that directs $80 million in ongoing funding, permitting the state to bond for as much as $1.6 billion for transportation infrastructure tasks statewide.
It’s the single largest state funding in transportation infrastructure in Idaho historical past.
The answer was achieved with out elevating Idahoans’ taxes or charges by redirecting a bigger share of the prevailing gross sales tax to the funds that assist transportation tasks.
The answer additionally gives a brand new sustainable supply of funding for native freeway districts to take care of the roads closest to Idahoans’ properties.
To assist advance bid-ready transportation tasks throughout Idaho, Governor Little and the Idaho Legislature additionally directed $126 million in one-time funds this yr from the state’s report price range surplus as a part of Governor Little’s “Constructing Idaho’s Future” plan.
“Idaho is the quickest rising state within the nation. To maintain up with the calls for of a fast-growing state, our sustainable transportation funding answer helps save Idahoans’ time, retains us protected on our roads, and makes our state’s economic system even stronger,” Governor Little stated. “Probably the most fundamental tasks of presidency is to supply a transportation system that facilitates commerce and retains residents protected. I recognize my companions within the Legislature and Idaho companies for recognizing the necessity to make investments strategically and sustainably in transportation.”