Perdue on Highway Trust Fund transfers


In an interview with News 14 reporter Tim Boylan yesterday, Lt. Gov. Beverly Perdue discussed transportation funding in North Carolina.  She said, "The first thing I'd do is stop the transfer from the Highway Trust Fund to the General Fund, I think that's a really critical first solution."  Click play to watch the video:

 

This is interesting because Beverly Perdue sponsored the 1989 legislation (H 399) which mandated that Highway Trust Fund money be transferred to the General Fund each year.  Specifically, the legislation reads,

in each fiscal year the State Treasurer shall transfer the sum of one hundred seventy million dollars of the taxes deposited in the [Highway] Trust Fund to the General Fund.

[ H. 399, 1989]

 
So what Beverly Perdue said yesterday is that the first thing she would do to fix transportation funding in North Carolina is undo her own legislation. 


October 2, 2007

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