Thanks to our community, all 225 roadway projects funded by the initial Fuel Revenue Indexing (FRI) program are completed. Since kicking off in 2014, the three-year FRI program has resulted in a $570 million infrastructure investment that created more than 7,300 jobs and put 78 local small business to work.
As Southern Nevada emerged from the 2008 recession, the needs of our transportation infrastructure, that were put on hold due to lack of funding, demanded more attention. To cover a growing gap in funding, in 2013, Nevada passed legislation to tie motor vehicle fuel tax to inflation for a three-year period. The Clark County Board of Commissioners followed up and put that funding program in place from January 2014 through December 2016.
Then, during the November 2016 election, Clark County residents voted to continue to tie fuel tax to the rate of inflation for an additional 10 years. The decade-long FRI program is expected to generate at least $2 billion in revenue to fund roadway projects. Because of you, our future infrastructure will be in tiptop shape!
Here’s a high-level overview of the program: