{"id":5443,"date":"2016-02-07T11:46:48","date_gmt":"2016-02-07T18:46:48","guid":{"rendered":"http:\/\/www.parkrag.com\/?p=5443"},"modified":"2016-02-07T11:46:48","modified_gmt":"2016-02-07T18:46:48","slug":"5443-2","status":"publish","type":"post","link":"https:\/\/v2.parkrag.com\/index.php\/2016\/02\/07\/5443-2\/","title":{"rendered":"Tax and Bond Options for Raising Revenue to Solve Transportation Issues"},"content":{"rendered":"<p>During the past year, the Summit County Council has looked at various options for\u00a0raising revenue to put toward solving transportation and traffic issues. During the upcoming week&#8217;s Summit County Council meeting Chief Civil Deputy Attorney Dave Thomas will present the various options available for raising revenues and how those specifically would be enacted.<\/p>\n<p>There appears to be six options:<\/p>\n<ul>\n<li>Mass Transit Sales Tax \u00a0expansion to Eastern Summit County.\n<ul>\n<li>0.3% increase in sales tax<\/li>\n<li>Limited to funding a system of public transit within the boundaries of the Transit District<\/li>\n<\/ul>\n<\/li>\n<li>Additional Mass Transit Sales Tax\n<ul>\n<li>0.25% increase in sales tax<\/li>\n<li>Limited to funding a system of public transit within the county<\/li>\n<\/ul>\n<\/li>\n<li>County Option Transportation Sales Tax\n<ul>\n<li>0.25% increase in sales tax<\/li>\n<li>Can be used for regionally significant transportation facility, corridor preservation, operations, and infrastructure.<\/li>\n<\/ul>\n<\/li>\n<li>County Option Transit Sales Tax\n<ul>\n<li>0.15% sales tax increase (municipalities will receive .10%)<\/li>\n<li>Can be used on any transportation or transit improvement (operations &amp; infrastructure)<\/li>\n<\/ul>\n<\/li>\n<li>Snyderville Basin Public Transit District Property Tax\n<ul>\n<li>0.0004 increase in property tax<\/li>\n<li>Limited to funding a system of public transit within the boundaries of the Transit District<\/li>\n<\/ul>\n<\/li>\n<li>General Obligation Bond\n<ul>\n<li>Tax increase is set by the bond election<\/li>\n<li>Can be used on roads, bridges, viaducts, tunnels, sidewalks, curbs, gutters, and parking buildings, lot and facilities (infrastructure only)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>The options above, that have specific tax rates would bring in between $1.4 million to $4.5 million per year. If the county decided to create a general obligation bond, it could raise up to $23 million.<\/p>\n<p>Many of these options require citizens to vote on them. Look for at least one of these options coming to your ballot in November 2016.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-5446\" src=\"http:\/\/www.parkrag.com\/wp-content\/uploads\/2016\/02\/transportation-funding-options-1.jpg\" alt=\"transportation-funding-options-1\" width=\"1024\" height=\"855\" \/> <img decoding=\"async\" class=\"alignnone size-full wp-image-5445\" src=\"http:\/\/www.parkrag.com\/wp-content\/uploads\/2016\/02\/transportation-funding-options-2.jpg\" alt=\"transportation-funding-options-2\" width=\"1024\" height=\"782\" \/> <a href=\"http:\/\/www.parkrag.com\/wp-content\/uploads\/2016\/02\/transportation-funding-options-3.jpg\" data-rel=\"penci-gallery-image-content\"  rel=\"attachment wp-att-5444\"><img decoding=\"async\" class=\"alignnone size-full wp-image-5444\" src=\"http:\/\/www.parkrag.com\/wp-content\/uploads\/2016\/02\/transportation-funding-options-3.jpg\" alt=\"transportation-funding-options-3\" width=\"1024\" height=\"876\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the past year, the Summit County Council has looked at various options for\u00a0raising revenue to put toward solving transportation and traffic issues. During&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[28],"tags":[],"_links":{"self":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/5443"}],"collection":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/comments?post=5443"}],"version-history":[{"count":0,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/posts\/5443\/revisions"}],"wp:attachment":[{"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/media?parent=5443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/categories?post=5443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/v2.parkrag.com\/index.php\/wp-json\/wp\/v2\/tags?post=5443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}