11/9/2011 10:20:00 AM
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Arkansas voters on Tuesday overwhelmingly renewed a $575 million bond program to repair more than 400 miles of interstate highways, the Associated Press reported.
With results from 71 of the stateâ€™s 75 counties, the plan led by an 81% to 19% vote, and the package would not raise or lower taxes regardless of how the vote went, AP said.
Under the measure, 4 cents of the state’s 22.5-cent diesel tax remain dedicated toward paying off the highway debt. Also, future federal transportation dollars will help pay off the state’s debt.
Arkansas highway officials said the stateâ€™s roads need $23 billion worth of work, but that only $4 billion in funding is available, AP reported.
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