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FOR IMMEDIATE RELEASE |
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State
Rep. Eddie Day Pashinski |
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Pashinski liquid fuels bill approved by House Transportation Committee
HARRISBURG, June 2 – State Rep. Eddie Day Pashinski, D-Luzerne, said the House Transportation Committee today approved legislation that would grant municipalities more financial latitude to pay for road and street repairs from their share of the state's Liquid Fuels Tax revenue.
Pashinski said the state refunds a portion of the tax to local governments according to their miles of eligible highway and population. The tax proceeds may be used for road and bridge construction or maintenance, street signs or traffic control devices.
Pashinski said his legislation (H.B. 1151) would expand the ability of a municipality to issue bonds or obligations by allowing them to be used partially for road improvement projects. In turn, it would require the municipality to use its Liquid Fuels Tax revenue to pay that portion of the debt that's related to those projects.
"Many cities in Pennsylvania are experiencing financial difficulties because of the economic downturn," Pashinski said. "My legislation would give municipalities some financial leeway to pay their liabilities that are incurred by improving and repairing roads and streets."
Pashinski said he is hopeful the legislation will soon be voted on by the full House.
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