Member Briefing: July 15, 2022
- July 16, 2022
- Posted by: Joe Milazzo II
- Category: Member briefing
Here is a brief weekly update from the RTA business coalition – the voice of the regional business community on transportation.
Dedication of transportation-related State Sales Taxes for transportation purposes approved by General Assembly, signed by Governor
The Governor has signed the North Carolina state budget into law. This year’s budget incorporates a vitally important, game changing transportation policy and revenue provision based on Senate bill 793, introduced earlier this session.
The transportation-related sales tax provision is expected to raise $600 million annually once it reaches 6%, representing around $6 billion in new revenue for transportation statewide over a decade. The regional business community has been pushing for the dedication of transportation dollars for transportation purposes for multiple years. I believe that this legislative approval of the sales tax dedication initiative will fuel momentum to modernize funding for transportation. More in this week’s blog.
RTA Transportation Breakfast at capacity
We have reached capacity for the RTA 2022 Transportation Breakfast, presented by Research Triangle Foundation of North Carolina. Registration is now closed, please email Jacob directly and we will add you to a waitlist.
Thank you for your ongoing dedication to regional business leadership on mobility.
Let’s get moving,
RTA Executive Director