Thu., January 14, 2010 3:49pm (EST)

Governor Proposes Penny Tax to Fund State Transportation Projects
By John Sepulvado
Updated: 4 years ago

ATLANTA  —  
Governor Perdue proposes to borrow 300 million dollars a year to pay for transportation projects across the state. (Photo courtesy Ga. Tech)
Governor Perdue proposes to borrow 300 million dollars a year to pay for transportation projects across the state. (Photo courtesy Ga. Tech)
Governor Sonny Perdue's budget proposal for the next fiscal year will include $300 million in bonds to fund transportation across the state. He wants lawmakers to approve such a bond package for 10 years for a total of $3 billion.

In addition, Perdue wants legislation that allows each of the state's 12 regions to vote on a penny sales tax for projects there. Those projects he says could include rail and trail, but the list would be approved by the legislature.

Regions that vote yes to the tax would see projects, while regions that say no would not. This is Governor Perdue's last year in office, but he says Georgia lawmakers need to commit to the project.

"I believe, and if I were beginning my term again, I would stand before you and commit $300 million a year for the next ten years for a $3 billion transportation plan." says Governor Perdue.

A vote on the penny transportation tax would come in 2012. Perdue says that would give the economy time to rebound.