For Immediate Release
November 4, 2015
Rep. Loudenbeck Statement on Approval of Transportation Bonding
Madison –Rep. Amy Loudenbeck (R-Clinton), member of the Joint Committee on Finance (JFC), issued the following statement on approval of the release and use of contingent highway bonds:
“My vote to release $350 million of bonds, which was already approved as part of the 2015-2017 State Budget, will allow the I-39/90 expansion and other critical infrastructure projects to move forward.
“This bonding will help us bridge the gap between revenues and expenses, but is not a long-term solution. I remain committed to working with stakeholders on a funding solution that is adequate, equitable and sustainable. I am hopeful that we can continue the conversation on what a long-term solution might look like, so that we have some consensus going into the next 2017-2019 budget.”
Today’s vote by the Joint Committee on Finance approves a total of $350 million in contingency bonding with $200 million available in 2015-16, and an additional $150 million available in 2016-17.