SC Would Borrow $500 Million for Roads as Part of Budget Agreeme - WSPA.com

SC Would Borrow $500 Million for Roads as Part of Budget Agreement

Posted: Updated:
COLUMBIA, S.C. -

South Carolina would borrow up to $500 million for roads and bridges under a tentative budget agreement that a state budget conference committee has reached. The full House and Senate must approve the plan.

Finding more money for the state's roads and bridges was a top priority of this year's legislative session, but most lawmakers did not want to raise taxes. So instead, the plan is to use $50 million from the General Fund so the State Infrastructure Bank can borrow up to $500 million.

The plan would also use $41 million from the sales tax on vehicles for secondary roads that don't qualify for federal highway money. If there's any one-time money left at the end of the year, which can happen in years when the economy improves more than expected and the state takes in more than it budgeted to spend, that money would go toward repairing bridges.

Caitlin Kolotcy and her family were driving from Anderson to Charleston Monday and stopped at a rest area on I-26. She says of the state's roads, "They're very bumpy. Driving on the highway, the expressway, worried about my tires. They're constantly getting worn down, just from the conditions of the roads, all the potholes."

One of the drawbacks of the proposed plan is that, while it would raise up to $500 million, the state DOT says it needs $29 billion over the next 20 years, or $1.45 billion a year, just to bring the condition of the state's roads up to a level it considers "good". Borrowing $500 million would add to the state's debt while providing only about one-third of the financial needs of one year.

But Kolotcy says, "I think it would be a good start to get it going."

  • Top StoriesTop StoriesMore>>

  • Community Meeting Discussing Halfway Housing Gets Heated

    Community Meeting Discussing Halfway Housing Gets Heated

    Friday, April 25 2014 12:38 AM EDT2014-04-25 04:38:03 GMT
    2 Men Sentenced In Drug Case Could Get Out Of Jail Soon2 Men Sentenced In Drug Case Could Get Out Of Jail Soon
    Outraged neighbors took on a Christian ministry they said is housing sex offenders and ex-cons in their neighborhood. The meeting held in Roebuck in Spartanburg County was so heated, extra deputies were called in to keep things from getting out of hand. "Our community children are prisoners in their flipping homes... not your ex convicts. Put 'em back behind bars, we don't want them," shouted one woman. The neighbo...
    Outraged neighbors took on a Christian ministry they said is housing sex offenders and ex-cons in their neighborhood. The meeting held in Roebuck in Spartanburg County was so heated, extra deputies were called in to keep things from getting out of hand. "Our community children are prisoners in their flipping homes... not your ex convicts. Put 'em back behind bars, we don't want them," shouted one woman. The neighbo...
  • Wreck Shuts Down Part of I-85 In Anderson County

    Wreck Shuts Down Part of I-85 In Anderson County

    Friday, April 25 2014 12:36 AM EDT2014-04-25 04:36:04 GMT
    Troopers say they're working a wreck on mile marker 30 in Anderson County.Troopers say they're working a wreck on mile marker 30 in Anderson County.
    The South Carolina Highway Patrol says two northbound lanes of I-85 in Anderson County are closed after a wreck Thursday night.
    The South Carolina Highway Patrol says two northbound lanes of I-85 in Anderson County are closed after a wreck Thursday night.
  • Tanker Tips Over On Main Street in Anderson

    Tanker Tips Over On Main Street in Anderson

    Friday, April 25 2014 12:03 AM EDT2014-04-25 04:03:00 GMT
    Part of Main Street in Anderson shut down due to a tipped over tanker Thursday night.Part of Main Street in Anderson shut down due to a tipped over tanker Thursday night.
    An overturned tanker closed part of Main Street in Anderson Thursday night.
    An overturned tanker closed part of Main Street in Anderson Thursday night.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.