How can the State commit to spending millions of dollars on a new Kokomo bypass during these financially challenging times?
Transportation projects like the proposed US 31 Kokomo Corridor Project are funded by a combination of federal and state government funds. The current formula for such federally-assisted transportation projects is a cost share, 80% federal and 20% state. The state portion comes from revenue generated by the state gasoline tax. This tax is a roadway user tax collected for state roadway maintenance and construction. Revenue from the Indiana gasoline tax can only be used for road and highway transportation projects. As such, these projects are not funded through the state’s general budget or by any local taxes.
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