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| Updated: 11/09/2011 8:34 am |
Published: 11/09/2011 8:34 am |
LITTLE ROCK, Ark. (AP) - Arkansas voters have renewed a $575 million bond program to repair 400 miles of interstate highways.
The plan approved Tuesday renews a 1999 package that fixed 350 miles of four-lane highways. That plan marked the first time in 50 years that Arkansas strayed from a pay-as-you-go funding plan for roads.
With partial results from 62 of the state's 75 counties, the plan led by a 4-1 margin.
Taxes wouldn't have been impacted by any outcome Tuesday, and that was a key selling point for supporters. Under the measure, 4 cents of the state's 22.5-cent diesel tax remain dedicated toward paying off the highway debt.
The loan package is a scaled-down version of a funding plan approved by lawmakers this year. Voters will consider a half-cent sales tax increase next fall.