Monday, June 17, 2013
COLUMBIA, S.C. (AP) -- Legislators say a tentative agreement could provide up to $800 million for road and bridge work across South Carolina.
A three-part compromise approved Monday by a panel of House and Senate members would put up to $141 million in state taxes toward infrastructure in the next fiscal year.
The legislation specifies that $50 million would go the State Infrastructure Bank to fund major projects through borrowing, and $41 million from the state sales tax on vehicles would repair secondary roads. It would use up to $50 million in surplus money for bridge repair.
Borrowing and federal highway matches could push the total to more than $798 million.
The Senate's Republican and Democratic leaders agree the infrastructure compromise was critical for reaching an agreement on the overall budget for 2012-13.
(Copyright 2013, The Associated Press)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.