- The Indiana Legislature has approved more than $1 billion in a four-year infrastructure funding package to be used on road and bridge projects without an increase in gas and cigarette taxes, according to Equipment World.
- Funding sources include federal money, a state reserve transfer ($490.1 million), a trust fund transfer ($100 million), fees on electric ($150,000) and hybrid vehicles ($3.1 million) and a commitment on an existing 1.5 cents per gallon gas tax ($276 million).
- At least half of the $100 million trust fund transfer is required to go to counties with less than 50,000 people and must be used for preserving or rebuilding existing state highways and bridges.
"This is truly a long-term solution for infrastructure for our local communities," Indiana Gov. Mike Pence said during a press conference. "It could be described as a historic investment for local roads and bridges."
Pence also said he was happy with the funding plan, particularly since it did not involve raising taxes, and that he would sign the bill immediately.
Since the start of 2016, several state governors have also announced major highway plans in their states.Georgia Gov. Nathan Deal announced a $10 billion, 10-year transportation and infrastructure plan, which he said the state will finance through a $900 million funding bill the state General Assembly passed last year.
In addition, New York Gov. Andrew Cuomo introduced a $100 billion statewide infrastructure plan intended to create more than 250,000 jobs. New Hampshire Gov. Maggie Hassan also submitted a $3.7 billion, 10-year plan to the legislature so that the state can begin work on projects like repairs on deficient bridges, the overhaul of Interstate 93 and resurfacing of an extra 200 miles of road per year.