
State Representative Ron
Stephens
For Immediate Release: March 12, 2009
Contact: Rep. Stephens
618-651-0405
Stephens announces infrastructure
improvement plan
Plan will create jobs without the use of
tax increases
“
The plan proposed by Stephens and Republican Leadership will generate the needed revenue through a variety of different ways, none of which requiring tax increases.
“The options outlined in our plan would generate approximately $1 billion in state revenue each year, allowing for a $12 billion bonding program for roads, bridges, schools, mass transit and other infrastructure priorities,” Stephens said. “Our plan will allow the state to put into place a $26 billion capital program and access needed federal funds.”
The plan initially calls for an end to Road Fund diversions. Currently as much as $700 million that is designated for road and bridge improvements is being diverted to other projects. Additionally, a constitutional amendment will be drafted to make sure the Road Fund can no longer be raided through funding diversions.
The re-diverted revenue will be replaced in the General
Revenue Fund through a variety of options, including a new
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“The options we’ve proposed would generate as much as $1.5
billion in funding,” Stephens said. “While I am not typically in favor of
expanding gaming, we need to be open to ideas that have enough support to pass
into law and will bring about the results
Stephens said he supports this plan because it does not call for any tax increases.
“I am firmly opposed to any tax and fee increases for capital with the economy the way it currently is,” Stephens said. “We need to consider all other alternatives before looking at tax and fee increases. To do anything else would be irresponsible and dangerous.”
Stephens emphasized a capital plan needs to be implemented
quickly in order for
“The Democrat leadership is quick to say that
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