To The Editor:
As we head in to the heart of the summer months we tend to spend more time on the road. While on road trips it is easy to make a comparison between our state and other states. For example , the pavement may suddenly get smoother, or rougher, as one travels through neighboring states.
The importance of the condition of our roadways is critical to our economy. Our roads are the backbone to our economy. but they have an important impact on many other areas, such as transportation of goods and services, employment, economic development and our state’s appearance in general.
Prior to adjourning this year I was happy to see a bill passed that seeks to start to address the funding of our roads.
However, we will need to place our roads as a priority within this state and make a commitment to adequately fund them. This is very important not only for the economy of South Carolina but for the safety of each and every one of our citizens who use our road system on a daily basis.
The legislation that was passed requires DOT to annually transfer $50 million to the State Infrastructure Bank to be used to finance bridge replacement, rehabilitation projects, and expansion and improvements to existing mainline interstates. This will leverage $500 million in funds.
After July 1, 2013, 50% of the General Fund portion of the revenues derived from the sales tax on cars will be redirected to the State Non-Federal Aid Highway Fund to be used exclusively for highway, road, and bridge maintenance, construction and repair Over 10 years this is expected to bring in $420 million in funds doe our roads that are in the Non- Federal Aid Highway system.
Last the legislation for Fiscal Year 2013-2014 transfers from excess surplus revenues an amount not to exceed $50 million to DOT to be used solely for Bridge Replacement and Rehabilitation. These funds will be used as a 5 to 1 match which will general $250 million dollars in funds.
Sen. Kent Williams
Marion, SC
