Washington, D.C. – (RealEstateRama) — Indiana gubernatorial candidate John Gregg released his infrastructure plan for Indiana, proposing a raid on the Next Generation Trust Fund to fund new projects. As the Hoosier majority Member on the U.S. House Transportation and Infrastructure Committee, Rep. Todd Rokita issued the following statement in response to Mr. Gregg’s proposal.
“We all agree on the need to modernize our infrastructure to keep our economy competitive. Last year, I helped write into law the first multi-year highway bill in over a decade, bringing over $5 billion in new highway funding to Indiana. The new law does this in a responsible way that does not raise taxes on Hoosiers and does not harm future generations. Indiana Democrats talk about these things, but have no action to back up their rhetoric.
“John Gregg and the Indiana Democrats’ proposal would gut our state’s reserves. Indiana leaders need to use the reforms and funding in the FAST Act to maintain and improve the ‘Crossroads of America.’ The Gregg proposal diminishes Indiana’s advantages under our recently-passed law, taking money away from dedicated highway projects in order to fund new government bureaucracy.”
Rokita’s Fixing America’s Surface Transportation (FAST) Act is the first long-term highway bill in more than a decade. The President signed it into law in December, 2015. The new law provides more than $5 billion in funding to Indiana, creating financial certainty so projects can be planned and carried out efficiently, not in fits and starts. This will boost local economies and allow Indiana to better plan its infrastructure improvements.
John Gregg’s proposal would raid the Next Generation Trust Fund of $300 million to pay for new state and local projects, instead of letting those dollars continue to accumulate interest and grow over time. Gregg’s plan would also transfer the remaining $200 million in the fund to create a Hoosier State Infrastructure Bank. State infrastructure banks have frequently been criticized as doing little more than funding duplicative projects, using the taxes of tomorrow to fund projects today. Hoosiers deserve better.