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State wants early access to transportation savings

The Indiana Department of Transportation on Thursday asked the state Senate Appropriations Committee to approve the release of $400 million saved in a special trust fund since the fund was created last year.

By Summer Ballentine
The Associated Press

2/13/2014

INDIANAPOLIS — A state request to dip into savings for major highway projects earlier than planned is getting mixed reactions from Indiana lawmakers.

The Indiana Department of Transportation on Thursday asked the state Senate Appropriations Committee to approve the release of $400 million saved in a special trust fund since the fund was created last year.

Lawmakers plan to put $200 million per year into the fund for a long-term project for Indiana roads until they reach about $1 billion in savings in 2020.

Appropriations Chairman Sen. Luke Kenley of Noblesville says he's reluctant to open up the savings early.

Gov. Mike Pence backs the plan to use the money sooner to start projects before inflation eats away at purchasing power.

The committee is expected to vote on the proposal next week.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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