Stop the Raids on Transportation Funding
June 9, 2015Hartford, CT – State Senator Toni Boucher (R-Wilton) Ranking member of the Transportation Committee released the following statement today re: Governor Malloy’s failure to stop raids on the Special Transportation Fund.
“Today, the Governor announced a $200 million plan to revamp the Charter Oak Bridge which carries Routes 5 and 15 over the Connecticut River between Hartford and East Hartford. Malloy said the state’s portion of the project is $40 million. Interestingly, in the first year of the new budget the governor raids the special transportation fund of $32.4 million. Wouldn’t it be better if he would stop the raids and put the money into the transportation infrastructure immediately?
“The governor has publically stated both companies and commuters have been asking for better transportation systems. Unfortunately, the “lock box” bill – which the minority party has supported a number of times to no avail – was not passed during the regular legislative session. I encourage legislative leaders to take up the lock box in the special session and I encourage the governor not to raid the special transportation fund anymore. The state’s commitment to transportation needs to start today.”
| FY 2016/2017 Budget Impact on the Special Transportation Fund (STF) | |||
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FY 2016
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FY 2017
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TOTALS
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Transfer General Fund Sales Tax to STF
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$158.6 million
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$276.9 million
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Reduce General Fund Statutory Transfer from Petroleum Gross Receipts Tax
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($38.2 million reduction)
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($17.6 million reduction)
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Eliminate General Fund Statutory Transfer to the STF
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($152.8 million reduction)
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($162.8 million reduction)
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Total Funding Diverted from the STF
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($191 million reduction)
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($180.4 million reduction)
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($371.4 million reduction)
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Net Impact to the Special Transportation Fund
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($32.4 million reduction)
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$96.5 million
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$64.1 million
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