Post by jean on Jul 22, 2015 10:10:12 GMT -5
The following article is interesting in perspective of what the State of Indiana requested of the TIF board concerning the "grant" for Phase II of the Veteran's roadway project. The TIF board was told if they would agree to wait a few years that the state besides the 80% "grant" would also pay the 20% local match....IF the money came through to the state.
Senate negotiators reach deal on 6-year highway bill, but vote to begin debate fails
While the bill would authorize highway and transit programs for six years, it contains only enough money — about $47 billion, according to a list of offsets supplied by McConnell's office — to close the current funding gap for transportation programs for three years. The government currently spends about $50 billion a year on highway and transit aid, but the federal gas tax and other transportation taxes and fees raise only about $35 billion a year.
www.usnews.com/news/politics/articles/2015/07/21/senate-negotiators-reach-agreement-on-6-year-highway-bill
Senate negotiators reach deal on 6-year highway bill, but vote to begin debate fails
While the bill would authorize highway and transit programs for six years, it contains only enough money — about $47 billion, according to a list of offsets supplied by McConnell's office — to close the current funding gap for transportation programs for three years. The government currently spends about $50 billion a year on highway and transit aid, but the federal gas tax and other transportation taxes and fees raise only about $35 billion a year.
www.usnews.com/news/politics/articles/2015/07/21/senate-negotiators-reach-agreement-on-6-year-highway-bill