Big ticket highway projects may advance sooner than planned
Submitted by WIKY News on Fri, 02/14/2014 - 2:30pm
A year after setting aside $400-dollars for long-term highway needs, legislators are considering breaking that piggy bank open now. Legislators had hoped to keep adding to the highway fund, and use it in 2020 for some big-ticket projects. But INDOT says rising gas and labor prices mean the fund‘s purchasing power is likely to be 20% less by then. Commissioner Karl Browning says tapping the money now would let INDOT get started on those plans. Browning argues spending the money now remains true to the purpose of the fund, since the money would be spent on long-term projects.