Senate proposals provide $2B in one-time spending on roads - Live5News.com | Charleston, SC | News, Weather, Sports

Senate proposals provide $2B in one-time spending on roads

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Senators are proposing to raise more than $2 billion for one-time spending on road construction projects.
Bills discussed Tuesday by the Senate Finance Committee would send $200 million to the State Infrastructure Bank, for borrowing an estimated $2.2 billion.
Senate President Pro Tem Hugh Leatherman says the leveraging move is an opportunity to pump as much money into South Carolina's crumbling roads as possible. He calls it a one-time shot, not a funding solution.
Discussion will continue Wednesday.
The Department of Transportation says it needs more than $1 billion additional annually for three decades to bring state roads to good condition.
The House's budget plan puts $415 million toward roads, though $49 million of that covers work already done to repair roads closed by last fall's flooding.

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