Arkansas governor, lawmakers hope for highway funding fix
LITTLE ROCK, Ark. (AP) —
Arkansas' Republican governor and legislative leaders say they're hopeful they can find a highway funding solution that's been elusive in recent years. But the two main ideas -- raising taxes or tapping into existing tax revenue -- still face significant hurdles.
Gov. Asa Hutchinson, incoming Senate President Jim Hendren and House Speaker Matthew Shepherd called highway funding one of the top priorities when lawmakers convene on Monday for this year's legislative session. So far, no plan has emerged yet on how to close the funding gap for roads.
Arkansas officials say the state highway system needs $478 million in additional funding a year just to meet its current maintenance and improvement needs. But recent efforts to significantly close that funding gap have stalled.