House GOP leader’s transportation plan includes use of Rainy Day Fund, job attrition

House GOP leader’s transportation plan includes use of Rainy Day Fund, job attrition

With a toll bill stalled in the legislature, Republican leaders are touting two transportation plans they say would provide sufficient funding to address the state’s infrastructure needs over the next decade, but critics argue both plans rely too much on draining budget reserves. Like Senate Republicans, Klarides’ proposal would rely on dollars from the Rainy Day Fund. Klarides is proposing taking $500 million from reserves to pay down pensions, the interest savings of which would go toward transportation. She also is calling on allocations in the Special Transportation Fund that go toward wages, pensions, and health care costs for employees at the DOT and the Department of Motor Vehicles to be transferred to the general fund, as well as limiting new hires throughout state agencies.

https://www.journalinquirer.com/politics_and_government/house-gop-transportation-plan-includes-use-of-rainy-day-fund/article_1e636892-5d76-11ea-8f20-0f3b8cfc8246.html

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