Bill Would Allow Financing for Neb. Roads Projects

Posted 2 months ago

By Associated Press

road-work(AP) — Nebraska lawmakers are being asked to take a new approach to roads funding, with a bill that would allow the state to finance high-priority projects with bonds.

Nebraska has used a pay-as-you-go system for decades, but supporters said Wednesday that the state could take advantage of low interest rates while launching more job-creating construction projects. Sen. Annette Dubas of Fullerton says her legislation would help quicken the pace of long-delayed roads projects.

The bill was introduced three years after Nebraska officials passed a law that will divert an estimated $60 million to $70 million a year into roads projects.

The Department of Roads opposes the bill. Director Randy Peters says the state’s traditional approach has served Nebraska well, and projects still take years to design.