Virginia Governor Seeks $800 Million for Transportation
Virginia Gov. Mark R. Warner (D) has proposed $824 million in new funds for a variety of transportation projects around the state. Of the total, $450 million would come from expected increases in federal and state aid; the other $374 million would be a repayment from the state's general fund to its Transportation Trust Fund.
Under the plan, announced Dec. 9, the biggest item, $256.4 million, would cover projects that were completed by last July 1 that were funded through deficit financing. Another $147 million would go for added money for highway, transit, airport and seaport projects, and $140 million would be used to set up a revolving loan fund for public-private transportation ventures. That fund would provide no-interest loans of as much as $30 million.