Giving the secretary of transportation the authority to issue up to 300 state taxicab medallions, at $50,000 each to contribute $15 million annually.
Steering $111 million in one-time gaming licensing fees toward transportation and the same amount toward education.
House Republicans last week offered their own transportation finance plan that also does not raise taxes, but looks for money for transportation projects through leaner budgets in other areas of state government. House Minority Leader Bradley Jones said it was possible to dedicate $500 million for transportation by fiscal year 2016 with no new taxes through a 1.1 percent cut to discretionary spending.
Jones yesterday called the Senate Republican plan “innovative and creative.”
“In their comprehensive proposal, the Senate Republicans delineated a number of targeted proposals that deserve serious dialogue and discussion,” Jones said in a statement. “By approaching increased revenue without burdening the taxpayers, Senator Tarr and his caucus have illustrated that broad-based tax increases don’t have to be a foregone conclusion.”