Read This, Special Features

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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This entry was posted on Tuesday, May 27th, 2008 at 10:24 am and is filed under Read This, Special Features. You can follow any responses to this entry through the RSS 2.0 feed.