Frequently Asked Questions
What is NEDPAC?
NEDPAC (Nevada Economic Development Political Action Committee) is comprised of Southern Nevada business leaders working to implement fuel tax indexing in Clark County.
What is the purpose and goal of NEDPAC?
NEDPAC's goal is to propose a change to the Nevada Revised Statute to allow Clark County to implement fuel tax indexing, which would provide sustainable funding for critical transportation infrastructure.
What is fuel tax indexing?
Fuel tax indexing makes annual adjustments to fuel tax rates based upon increases in the Producer Price Index (PPI) to offset only the amount of purchasing power lost due to inflation. It protects fuel tax revenue against the rising cost of labor and construction materials during periods of inflation.
Who manages the funds collected through fuel tax indexing?
The Regional Transportation Commission (RTC) of Southern Nevada manages all fuel tax indexing funds. These funds are dedicated exclusively to transportation infrastructure projects that would otherwise remain unfunded or delayed.
What is achieved through fuel tax indexing?
Every $1 of local investment leverages approximately $4 in federal matching funds. Washoe County implemented a similar measure in 2009 with proven success. This provides Clark County with the resources needed to address critical transportation needs.
What is the financial burden on households and businesses?
The estimated impact is:
- Year 1: $33 per household annually
- Year 2: $67 per household annually
- Year 3: $103 per household annually
- Visitors: Approximately $1 per trip in Year 1
- Diesel fuel: $0.03 per gallon in Year 1
- If there is no inflation, there is no increase