Rep Bumstead votes in support of House approved road funding plan

first_img22Oct Rep. Bumstead votes in support of House approved road funding plan Categories: News Lawmaker: Plan is a good compromise, step in the right directioncenter_img A long-term plan to fix Michigan’s crumbling roads and bridges has been approved by the House, announced state Rep. Jon Bumstead.“This plan utilizes ideas from both sides of the aisle to see that Michigan has viable, long-term solutions to fix the roads in our community and across the state,” said Rep. Bumstead, R-Newaygo.The new plan uses $600 million in existing General Fund dollars and raises an additional $600 million in new revenue that will be used specifically to fix Michigan’s infrastructure. The funds raised from new revenue will come partially from a 3.3 cent increase in gas tax, a parity to match diesel tax to gasoline and an increase in vehicle registration fees.The compromise plan also provides $200 million in tax relief by expanding the Homestead Property Tax Credit for Michiganders across the state. Additionally, a mechanism is included that triggers a reduction in state income tax as normal, statewide inflation increases over time.“While I would have preferred that all of the money came from existing funds, this approach allows all of our legislative leaders the opportunity to get on board,” Rep. Bumstead said. “In addition to providing long-term solutions that allow Michigan to put this issue behind us, this plan also creates a significant amount of tax relief for hardworking taxpayers across the state.”The legislative package now moves to the Senate for further consideration.###last_img read more