The GOP would use nearly two-thirds of the state’s budget reserves to pay down pension liabilities, producing an annual savings of $130 million that could be spent on transportation. Another $100 million would come from cutting annual borrowing for things such as capital spending on local schools and public universities. The GOP’s alternative echoes several of the non-tolls elements of Lamont’s latest transportation initiative, including reliance on low-interest federal financing and an aggressive transfer of sales tax receipts from the budget’s General Fund into the transportation program.