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Highway funding bill moves forward

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Posted at 12:28 PM, Apr 12, 2016
and last updated 2016-04-12 13:28:00-04
The state of Nebraska is on the verge of creating a new funding source for highway projects.
 
State Lawmakers voted 48-0 Tuesday to pass a bill creating what's called an infrastructure bank to finance the projects.  It would draw $50 million from the state's cash reserve and use additional money generated from a gas tax increase approved last year. Papillion Senator Jim Smith's bill would support efforts to finish Nebraska's expressway system and repair county bridges. The fund would expire in 2033.
 
Governor Pete Ricketts has identified the bill as one of his top priorities this session.