 |
|
|
|
 |
 |
Senate Vote To Bolster Highway Funding
posted 3:42 pm Mon March 10, 2008 - Oklahoma City
Stay on top of breaking news! Sign up for NewsChannel 8 e-mail alerts.
The Oklahoma Senate has approved a Republican-sponsored bill to remove a 3 percent revenue growth trigger that is detouring revenue proposed for highways and bridges. Sen. Brian Bingman's bill passed Monday on a 46-0 vote. It would lead to the Oklahoma Department of Transportation getting $50 million a year in extra funding under a program approved two years ago.
Because state revenues did not grow by 3 percent, the allocation for roads and bridges stands to be reduced to $17.5 million.
The House has passed a similar bill, but the ultimate fate of the legislation will be determined in budget negotiations.
The measure also redirects existing motor vehicle taxes from the general revenue fund to roads and bridges over a five-year period.
The bulk of general revenue money now goes to education.
Because state revenues did not grow by 3 percent, the allocation for roads and bridges stands to be reduced to $17.5 million.
The House has passed a similar bill, but the ultimate fate of the legislation will be determined in budget negotiations.The measure also redirects existing motor vehicle taxes from the general revenue fund to roads and bridges over a five-year period.
The bulk of general revenue money now goes to education.
Need Information About The DTV Revolution? Click Here
Not a member yet? Click Here to sign up.
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or
advertising content or inappropriate links may be removed and may result in the loss of your posting privileges.
Please do not post any private information unless you want it to be available publicly.
Never assume that you are completely anonymous and cannot be identified by your posts.
© 2008 KTUL-TV, LLC
© 2008 The Associated Press
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The 'RUNNING MAN' icon is a registered trademark of America Online, Inc.
NewsChannel 8 to leave comments on news stories.