Tuesday, June 25, 2013

Study: transportation tax hike would benefit more than it costs

If Utah would raise taxes to invest an extra $11.3 billion on high-priority road and mass-transit projects during the next 30 years, its return would be worth many times that amount — including more than $20 billion in extra tax revenue from economic growth and creation of about 6,000 new jobs a year, a new study says.
That shows "It’s critical that we continue to invest in our roads, our highways, our mass transit," said H. David Burton, the former LDS Church presiding bishop who is co-chairman of the Salt Lake Chamber’s new Utah Transportation Coalition. It sponsored the study by the Economic Development Research Group of Boston.

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