January 18, 2006

[Fwd: "Facts Regarding The Highway Trust Fund:o Rep. Sue Myrick's Letter


"Facts Regarding The Highway Trust Fund:o Rep. Sue Myrick's Letter
Rep. Sue Myrick, (R-NC) attacked Sen. Basnight and House Speaker Jim Black last week for raiding the Highway Trust Fund. Some believe this was Mryicks kick off in a campaign for Govenor in 2008. I didn't know the truth of the matter until I found this article on a Raleigh TV station site.

WRAL.com - News - "Facts Regarding The Highway Trust Fund::

In 1989, the North Carolina General Assembly approved the creation of the Highway Trust Fund and its main purpose was to support the delivery and implementation of the Transportation Improvement Program. The Highway Trust Fund receives the majority of its funding from the Highway Use Tax. Before 1989, the highway use tax was better known as the 'car sales tax.' Although the name changed, the function was the same."

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