By Eric Jay Toll | Phoenix Business Journal
The 5.3 percent boost in taxable retail sales in fiscal 2016 just translated to nearly $800 million in freeway improvements for Valley residents.
Maricopa Association of Governments, the keeper of the exchequer for Proposition 400 – the one-half cent sales tax Maricopa County residents pay for road improvements – finally collected more money in sales tax revenue than the top pre-recession year. The increased collections, reflected in the overall jump in taxable sales statewide, put extra money into the road coffers.
This means MAG can pass the funding to ADOT to move up eight projects, and take another seven unfunded projects and put money into the hopper to build the road improvements.
