Voters in 31 states Nov. 6 once again showed their support for transportation initiatives investments, approving 272, or 79%, of 346 state and local ballot measures. In total, the approved initiatives are expected to generate over $30 billion in one-time and recurring revenue, according to the analysis conducted by the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center (ARTBA-TIAC).
The 2018 preliminary results reaffirmed the trend of recent years, demonstrating strong voter support for investments to maintain and improve state and local transportation networks. Including 2018, voters have approved 78% of nearly 1,700 transportation investment ballot measures tracked by ARTBA-TIAC since 2009.
In the most closely watched initiative of 2018, California voters turned back Proposition 6, an effort to repeal an increase in the state gasoline and diesel motor fuels tax that had been approved by the legislature as part of a 2017 transportation funding law. The 55% to 45% decision by voters will help preserve more than $50 billion for urgently needed highway, bridge, and transit improvements in California over a 10-year period.
Additional highlights of the TIAC report include:
- A proposed state gas tax increase in Missouri met unexpected resistance at the polls, with voters rejecting the measure 54% to 46%.
- In Colorado, voters rejected two measures to provide new transportation investments. Proposition 109, a measure to provide one-time funding with a $3.5 billion bond, was rejected 39% to 61%. Proposition 110, which would have increased the state sales tax by 0.62% for 20 years and provided an initial jumpstart with a $6 billion bond, also failed, 40% to 60%.
- Statewide measures to protect transportation funds from being diverted to non-transportation purposes passed in Connecticut and Louisiana.
Earlier in the year, voters approved 192 measures for an additional $6.4 billion in transportation revenue. The market impact of these ballot measures is difficult to project as revenue approved ranges from immediate one-time investment to a contribution made annually for as long as 30 years. The complete report and an interactive map showing the state-by-state results can be found at www.transportationinvestment.org.
Full article and Credit: https://www.forconstructionpros.com/
Watch Videos of Rubberized Asphalt Improving Pavement Applications
Click links below to WATCH ASPHALT PLUS VIDEOS ON Engineered Crumb Rubber Technology!
The Rubber helps with:
- Rutting resistance
- Cracking resistance
- Long road life cycle
- Skid resistance
- Durability in roads
- Reduces sound
- Serves as a way to recycle tires
- Reduces cost
- Less road maintenance
Asphalt Plus LLC is a specialty chemical and equipment manufacturing company headquartered near Chicago, IL. We produce an engineered crumb rubber additive for asphalt application. Asphalt Plus engineered rubber has endured a wide range of harsh climate & road use conditions. In spite of those tough situations, Asphalt Plus has performed impeccably well with nearly 3 million tons of placed Dry Mix Asphalt. We have assisted the auto manufacturing industry, the Department of Defense, Energy and Interior in cost-effectively reducing both their operating costs and their environmental footprint in a wide range of activities.
LEARN MORE AT https://asphaltplus.com/