Using Transportation Revenues for Transportation is a Good Thing?

Jun 28th, 2011 | By | Category: Mass Transit, Transportation

The prospect of a balanced budget in Connecticut is unclear now that an agreement with state employee unions appears at risk of collapse. But one positive highlight from the state’s budget was the shielding of more transportation revenue from being diverted to the State’s General Fund.

The existing Merritt 7 Metro-North station has only a small shelter and a low platform.

The existing Merritt 7 Metro-North station has only a small shelter and a low platform.

In the recently adopted budget, the amount of revenue devoted to transportation from the wholesale fuel tax, an existing tax on state oil companies, will increase by almost $100 million over two years.  This, in addition to additional transfers of $81 million over two years from the General Fund, is paying early dividends, and plaudits from both Democrats and Republicans in Connecticut.

Read more here: Apparently, Using Transportation Revenues for Transportation is a Good Thing | Mobilizing the Region.

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