Bacon joins Gov. Mike Pence for road funding bill signing
STATEHOUSE (April 5, 2016) – State Rep. Ron Bacon (R-Chandler) today joined Gov. Mike Pence and other local officials at the Signature School’s Robert L. Koch II Science Center in Evansville where Indiana’s new measure providing funding for state and local roads was signed into law.
Bacon said House Enrolled Act (HEA) 1001 directs $186 million upfront to a local road and bridge matching grant account. The bill also redirects 1.5 cents of the 7 cents of sales tax on gasoline to the matching account as a source of ongoing funding and codifies the current equivalent of one cent already being dedicated to road funding. About $328 million would go toward state road and bridge preservation and maintenance over the next two years. In addition, about $505 million in local option income tax reserves currently held by the state will be returned to local units with $330 million dedicated to roads.
“This legislation is the foundation for a more comprehensive and sustainable road funding plan,” Bacon said. “I look forward to continuing conversations locally and at the state level on long-term infrastructure funding solutions securing Indiana’s reputation as the Crossroads of America.”
Visit www.iga.in.gov to learn more about HEA 1001.
Rep. Bacon (R-Chandler) represents portions of Warrick, Pike and Spencer counties