January 8, 2013 – Gov. Robert F. McDonnell will unveil a plan Tuesday to pump at least $500 million a year into the state’s quickly draining transportation coffers. So far, the Republican governor has revealed where about half of that money would come from: the state’s general fund. He has said he wants to spend $48 million in general funds on transportation in 2014, ramping that up to $275 million a year by 2018. That part of the plan is sure to face opposition in the state Senate, which shot down a similar proposal last year, arguing that it would cheat schools and other programs that the fund bankrolls.
Link to Full Article: http://www.washingtonpost.com/local/va-politics/mcdonnell-to-unveil-road-funding-plan-that-calls-for-at-least-500m-annual-spending/2013/01/08/00e10430-598e-11e2-9fa9-5fbdc9530eb9_story.html