Road, Bridge Funding Bill Clears House

Posted: Updated:
(Image courtesy of INDOT) (Image courtesy of INDOT)

The Indiana House has approved a long-term infrastructure funding bill. House Bill 1002 includes gas tax and vehicle registration hikes and imposes new fees on electric vehicle owners. The proposal also calls for the Indiana Department of Transportation to seek a waiver from the federal government to open up tolling on existing interstates.

House Minority Leader Scott Pelath (D-4) challenged GOP lawmakers, which hold a supermajority in the House and Senate, to fund the bill without raising taxes. "All it takes," he said in a statement, "is the kind of courage that recognizes you do not have to inflict the largest tax increase in state history on the people who can least afford it. I will remind you that House Democrats advanced a plan that would have provided upwards of $800 to $900 million a year toward state and local roads without increasing a tax or raising a toll. House Republicans voted it down."

HB 1002 would also shift the sales tax on gasoline to the State Highway Fund, bump up the taxes on special fuel and the motor carrier surcharge and index fuel tax rates annually to 2024.

Ed Soliday (R-9), who chairs the House Roads and Transportation Committee and authored the bill, says the average Hoosier would pay around $4 more per month at the pump under the current plan. He calls the bill "a responsible plan that supports safe roads and bridges, which directly effects the health of our economy. This comprehensive bill is backed by years of data, providing funding for state and local infrastructure without creating unnecessary debt. The House road funding proposal is now in the hands of Senate lawmakers, and I look forward to continuing the discussion."

The state estimates more than $1.2 billion in additional funding will be needed each year to maintain and improve road and bridge infrastructure over the next 20 years.

House Speaker Brian Bosma (R-88) says "today’s passage of House Bill 1002 marks an important step and is the culmination of a 6-year long process of determining our funding needs and the best options to meet those needs. We look forward to working with our counterparts in the Senate to continue the conversation."

The bill now heads to the Senate and you can view it by clicking here.

  • Perspectives

    • Want A Guaranteed Negative Return?

      Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points.  The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?



  • Most Popular Stories

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • (courtesy Wes Mills)

      Purdue: Farmland Values Decline Fifth Straight Year

      The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University.  The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...

    • (photo courtesy of TriCore Logic)

      Fort Wayne IT Firm Expanding

      TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years.