Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • ₹10 lakh lump sum vs ₹10,000 SIP for 100 months – which built a bigger corpus?
    • Flexicap funds: M&M, HDFC Bank, ICICI Bank lead buying; SBI tops sell list in May
    • Rs 5 Lakh Lump Sum vs Rs 5,000 Monthly SIP: Which Creates More Wealth?
    • The FinTech Magazine Guide to Green Bonds
    • India’s monthly SIP book grows nearly ten times in a decade: Report
    • How to evaluate a mutual fund: Factsheet, SIP, expense ratio, fund size | Personal Finance
    • Should You Exit Large Cap Funds as they Underperform Mid and Small Cap Funds – Money Insights News
    • A Guide to Sinkable Bonds: What They Are and Why They Matter
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Transportation bonds could pave way for growth in Maricopa, Pinal counties
    Bonds

    Transportation bonds could pave way for growth in Maricopa, Pinal counties

    October 24, 2024


    PHOENIX (AZFamily) — Two of Arizona’s most populated counties are voting to decide whether to continue a half-cent tax to fund transportation projects as communities in and around metro Phoenix continue to see a population boom.

    In Maricopa County, it will be on the ballot this year as Prop 479. Voters first approved this tax in 1985 and renewed it in 2004, which helped build the Loop freeways and the SR-51.

    FILE - In this Jan. 24, 2020 file photo, early rush hour traffic rolls along I-10 in Phoenix....
    FILE – In this Jan. 24, 2020 file photo, early rush hour traffic rolls along I-10 in Phoenix. (AP Photo/Ross D. Franklin, File)(Ross D. Franklin | AP)

    If passed, the tax will be extended for another 20 years and is expected to generate nearly $15 billion in revenue (based on 2020 dollars, not accounting for inflation).

    An overwhelming majority of Arizonans support the ballot measure, which is supported by the Maricopa Association of Governments (MAG) and all major cities around the Phoenix area.

    Government officials say the money would help keep the average commute time in the Valley to about 30 minutes in 2050, even after adding 1.7 million people and 900,000 jobs based on current projections.

    Phoenix city officials say the money would help maintain the Valley Metro light rail system, create a new Bus Rapid Transit route, improve several heavily traveled streets, and improve a 31-mile stretch of Interstate 17 and Interstate 10 freeways, known as the “Spine Corridor,” which accounts for nearly half of all daily freeway traffic.

    The funding could also help complete Loop 303 and expedite the development of state Route 30, which would connect Phoenix and Buckeye with a new route.

    MAG says that compared to a “no-build scenario,” Prop 479 is reported to help reduce the afternoon commute by one-third and congestion on critical freight routes. It would create $2.4 billion annually in net new economic activity, save local businesses in travel time and shipping/logistics costs, and create more than 30,000 good-paying jobs.

    In fast-growing Pinal County, voters are deciding whether to keep that same tax in their community. The county grew by almost 60,000 since 2020, an increase of nearly 14%.

    Traffic has been a top concern in Maricopa, a growing town about 40 miles south of Phoenix, which relies on one main route to reach the Valley: state Route 347.

    The county says that in the past five years, the tax has helped generate between $10 and $15 million for road repairs, air quality mitigation, and pavement preservation. The continuation of the tax is important to city leaders who are trying to find new ways to keep up with the growth.

    See a spelling or grammatical error in our story? Please click here to report it.

    Do you have a photo or video of a breaking news story? Send it to us here with a brief description.

    Copyright 2024 KTVK/KPHO. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    The FinTech Magazine Guide to Green Bonds

    June 13, 2026

    A Guide to Sinkable Bonds: What They Are and Why They Matter

    June 12, 2026

    Green bonds & NRI money may power Kerala’s high-speed rail plan

    June 12, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    ₹10 lakh lump sum vs ₹10,000 SIP for 100 months – which built a bigger corpus?

    June 13, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    SIP

    ₹10 lakh lump sum vs ₹10,000 SIP for 100 months – which built a bigger corpus?

    June 13, 2026

    Many investors wonder whether investing a large amount upfront or spreading the same investment through…

    Flexicap funds: M&M, HDFC Bank, ICICI Bank lead buying; SBI tops sell list in May

    June 13, 2026

    Rs 5 Lakh Lump Sum vs Rs 5,000 Monthly SIP: Which Creates More Wealth?

    June 13, 2026

    The FinTech Magazine Guide to Green Bonds

    June 13, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Sips and bites from some of Kelowna’s best at annual OK Mixoff

    October 15, 2024

    The Success Story of Property Expert Colin Horan

    April 10, 2026

    SIP calculator: Understanding how regular investing may take shape over time

    January 27, 2026
    Our Picks

    ₹10 lakh lump sum vs ₹10,000 SIP for 100 months – which built a bigger corpus?

    June 13, 2026

    Flexicap funds: M&M, HDFC Bank, ICICI Bank lead buying; SBI tops sell list in May

    June 13, 2026

    Rs 5 Lakh Lump Sum vs Rs 5,000 Monthly SIP: Which Creates More Wealth?

    June 13, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.