When these signs popped up coming into and going out of town, I wondered what they meant. I mean … I could read “Indexing Fuels Our Future” … but what does it MEAN, you know?
So I Googled it and had my “ah-hah” moment when I read about what I just always thought of as “the gas tax”.
So these signs are just here to remind us that the I-11 project (and others) are being subsidized by the additional cost we motorists are paying at the pump (about 10 cents a day over a 3-year period). Although it bears noting that after this year (2016), we will be voting whether or not to extend the funding and projects.
There’s a pretty informative website with a lot of information about where the money is being spent — you can check that out by CLICKING HERE, if ya like. I was interested in these “with vs. without” stats:
“This investment at the pump will generate approximately $700 million to fund 220 projects in Southern Nevada, ultimately creating more than 9,000 jobs.”
Without indexing, the RTC forecasted only $22.4 million a year over the next 10 years in available funds for street and highway projects, which equates to building one interchange per year, one mile of roadway per year in each jurisdiction, or one beltway segment without bridges per year.