- Money available for state highway and bridge projects will fall by nearly a quarter during the next budget cycle when cash from the lease of the Indiana Toll Road all but runs out, transportation officials said Wednesday. A drop in gas tax revenue associated the consumers' falling gas consumption, is putting an additional crimp in the budget.
Video by Jessica Wray
A bill to free up $400 million for state highways and assign $25 million of it for local road projects on Feb.3 passed the Indiana House of Representatives.
The bill now sits with the Senate Appropriations Committee.
House Bill 1002, authored by Rep. Tim Brown, R-Crawfordsville, transfers the balance of the Major Moves 2020 Trust Fund to the state highway fund before July 1, 2015.
The money had been set aside by lawmakers last year for future projects.