Lawmakers Pitch Infrastructure Reserve Fund
Written by Your 5News Team
Created on January 24, 2012 @ 3:37PM
CHARLESTON, W.Va. (AP) - Gov. Earl Ray Tomblin's proposal to provide millions of dollars for road and sewer improvements is now in the hands of lawmakers.
West Virginia legislators will consider the measure to create an infrastructure reserve fund by diverting half of any year-end surplus tax revenue toward road, bridge, water and sewer improvements. These improvements often are key to attracting new businesses.
Tomblin spokeswoman Kimberly Osborne says the plan also would provide needed cash for the state's transportation network without raising taxes.
House Finance Chair Harry Keith White says he would rather use money the state has on hand to pay for road work than borrow it.
However, some lawmakers are questioning whether the state's cash reserves are too big and whether the state should accelerate planned tax cuts instead.
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