Missouri Senate passes one-time transportation funding boost
The Missouri Senate has passed a measure to provide a $350 million boost to transportation infrastructure repairs in Missouri. The plan, reached in compromise following weeks of discussion, would spend $50 million in the upcoming year to supplement the state’s transportation revenues. The state would borrow an additional $300 million for transportation needs if Missouri receives funding through the federal Infrastructure for Rebuilding America program.
“We applaud the Senate for reaching this compromise and finding a creative way to begin to address the long list of repairs needed in our transportation system,” said Daniel P. Mehan, president and CEO of the Missouri Chamber of Commerce and Industry. “While it’s extraordinary for the state to invest general revenue and borrowed money in transportation, this action is needed. Our transportation funding now ranks 48th in the nation and our low fuel tax is simply not generating enough revenue to pay for all the repairs we need. We now call on the Missouri House of Representatives to quickly act on this measure so that we can keep our transportation system safe, efficient and open for commerce.”
Gov. Mike Parson has championed the idea of using bonding for imminent infrastructure needs. The measure passed today is Senate Concurrent Resolution 14, sponsored by Senate President Pro Tem Dave Schatz, a Republican from Sullivan.