Sunday, February 05, 2012
22 Senators Propose Lockbox for Transportation Funds
Daniel Menefee ― Southern Maryland Online

After Gov. Martin O’Malley proposed a 6% sales tax on gas to pay for infrastructure projects, Sen. Rob Garagiola and 21 other senators moved to make the tax more salable with a proposed constitutional amendment to safeguard the Maryland Transportation Trust Fund, which governors have repeatedly raided to balance the general fund budget.

“In recent years, the Transportation Trust Fund has been depleted,” Garagiola, D-Montgomery, said in an e-mail. “This legislation proposes a constitutional amendment to create a firewall for current and future Transportation Trust Fund monies. It is critical that we act now to address our infrastructure needs.”

The amendment aims to stop transfers out of the fund and mandate gas tax revenue go specifically to transportation projects — essentially creating a lock box.

Sammy 09:27 AM | (0) Comments | Email this post | Permalink
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