Indiana Could See Less Federal Transportation Funding (full video)
Inside INdiana Business
Posted: February 27, 2012
A glitch in the federal highway transportation bill making its way through the U.S. House of Representatives could mean less funding for projects in Indiana. Conexus Indiana Vice President David Holt says in its current form the bill increases the percentage of funding, but decreases the dollar amount available to the state. In an interview with Inside INdiana Business Television, Holt says the state would have to reduce the number of projects by about $38 million per year.
Holt says the potential funding crunch could lengthen the process for initiatives such as I-69.
He says work is underway to find a solution to the glitch. Holt says if a fix is secured by Indiana's Congressional delegation then it would be "a great bill."
Holt says the proposal creates a five year stability window for transportation planning, lessens bureaucracy and streamlines processes, which should speed up projects.