Post by pavel on Feb 4, 2016 5:59:02 GMT -6
In a wide-ranging update to lawmakers, state Highway and Transportation Department Director Scott Bennett said he is developing a highway plan through 2020 that requires an additional $50 million in state money every year to complete.
The plan will concentrate on system preservation over expansion. It aligns with Gov. Asa Hutchinson's multipronged strategy to boost highway funding by tapping state general revenue funds. The governor announced his plan -- which does not raise taxes but counts on surplus funding -- in January.
From 2016 through 2020, Bennett said, the Highway and Transportation Department plans to spend $3.6 billion in federal and state funds on road projects.
"We're developing this program as if that state money is going to be there so we can take advantage of all that federal aid," Bennett told the House and Senate transportation committees. "We need $50 million to match $200 million in federal aid. So what's really at risk is $250 million a year worth of projects."
Read more: www.arkansasonline.com/news/2016/feb/04/2-panels-updated-on-roads-proposal-2016/?latest
The plan will concentrate on system preservation over expansion. It aligns with Gov. Asa Hutchinson's multipronged strategy to boost highway funding by tapping state general revenue funds. The governor announced his plan -- which does not raise taxes but counts on surplus funding -- in January.
From 2016 through 2020, Bennett said, the Highway and Transportation Department plans to spend $3.6 billion in federal and state funds on road projects.
"We're developing this program as if that state money is going to be there so we can take advantage of all that federal aid," Bennett told the House and Senate transportation committees. "We need $50 million to match $200 million in federal aid. So what's really at risk is $250 million a year worth of projects."
Read more: www.arkansasonline.com/news/2016/feb/04/2-panels-updated-on-roads-proposal-2016/?latest