Is Now the Time to Stop the Transfer?
Tuesday, May 27th, 2008
By Stephen Jackson
The 21st Century Transportation Committee and some legislators are seeking to take over $170 million from the General Fund by stopping the so-called transfer from the HighwayTrust Fund (HTF) going to the General Fund.A portion of the HTF is transferred to the General Fund every year as relief for the revenue gap created by 1989 legislation that established the HTF - legislation which re-routed carsales-tax revenue from the General Fund to the HTF.
Click here to read the complete BTC Issue Brief "Is Now the Time to Stop the Transfer?"
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