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1 minute read
South Carolina
is the 4th Largest State Highway System in the United States & ranked 10th for Fastest Population Growth Rate in the United States
The New Gas Tax Trust Fund
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Above, see how the money is being used to fund $3 Billion in road and bridge work across the state. In 2017, The General Assembly passed legislation to increase the State gas tax by 12 cents by phasing in the increase at 2 cents per year for six years. These funds are deposited into a new trust fund called the Infrastructure Maintenance Trust Fund (IMTF).
These new revenues, coupled with other Federal and State funds, form the Financial foundation of SCDOT's ten year plan and performance targets.
This year at Mecum's Las Vegas auction, a rare bike nearly sold for nearly $1 million, and it wasn't a Henderson, or an MV Agusta, not even a Vincent or a rare Indian. Nope. It was a Harley-Davidson.