Missouri Business Headlines

Senate gives preliminary approval of transportation funding legislation

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A bill to increase transportation funding in Missouri gained first round approval by the Missouri Senate on a voice vote.

Senate Bill 623, sponsored by Sen. Doug Libla, R-Poplar Bluff, would ask Missouri voters to approve an increase in the fuel tax by 5.9 cents, bringing Missouri’s state motor fuel tax to 22.9 cents per gallon. During Senate debate, Sen. Libla substituted his own bill with a significant increase from the original proposal that sought to raise the motor fuel tax by 1.5 cents and diesel fuel by 3.5 cents. The original plan did not require a vote of the people.

infrastructurebadgeMissouri business leaders are clearly concerned about the future of our state’s transportation system. In fact, only 37 percent of Missouri business leaders say they are satisfied with the state’s current network of roads and bridges, according to a recent Gallup survey commissioned by the Missouri Chamber.

The Missouri Chamber’s Missouri 2030 plan calls for urgency in developing a long-term solution to fund improvements to our transportation system. Learn more about the plan at www.mo2030.com.

Missouri’s current fuel tax is 17 cents per gallon, one of the lowest in the nation.

 

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