Monday, April 02, 2007

Highway Fund diversion ending? Not Really

Here is a clip from the 3-28-07 TN Senate Transportation Committee. Approx $200 million has been diverted from gas tax collections into the General Fund over the last 4 years. The proposed budget for 07-08 budget ends this practice....but not really. $32 million is still being diverted but it is being replaced...BUT, it is being replaced with non-recurring funds that will not be available in the next budget cycle.