Southern Nevada recently passed a short-term fuel revenue indexing plan, which will extend from 2014 through 2016. This trial period could potentially be extended for ten additional years after the trial program is set to end on December 31, 2016. So far, this new fuel revenue indexing initiative includes 19 new project awards.
After the recent passage of this fuel tax increase, Southern Nevada announced $700 million in new transportation projects. This new funding for transportation projects will include the creation of 185 new road jobs as well as the allocation of $180 million to build Interstate 11—which will run from U.S. Highway 95 to the Hoover Dam Bridge.
Clark County Commissioner Larry Brown praised this new fuel tax initiative when he said, “Fuel revenue indexing is bringing new jobs to our local economy while improving roadway network…we’re not looking for much money from the federal government over the next few years.”