A one-time, $75 million set-aside for transit projects in this year’s state legislative budget is one step closer to being put to use.
The State Road and Tollway Authority (SRTA) met on Tuesday to approve the sale of the $75 million bond package, which will be repaid with money from the general fund. It now falls to the Georgia State Financing and Investment Commission to issue the public debt.
A top priority of state lawmakers during the 2015 legislative session was to raise additional revenue to fund a mounting backlog of transportation projects in Georgia.
Read the complete article at http://commuting.blog.ajc.com/2015/06/02/75-million-approved-for-transit-projects/