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| Committee Hearings Date: Friday, May 10, 2002 | |
| View Video Coverage | |
| About the Debate: | |
| The conference committee heard a Senate transportation funding offer followed by House counter-offer. The Senate offer included: 5 cent gas tax increase, effective 06-01-02; Up to $100 million per year in trunk highway bonds financed by gas tax increase; No indexing of the gas tax; 8.25% of MVST dedicated to a multi-modal transportation fund (8.25% taken from the 32% currently deposited in the HUTDF); Multimodal fund to be split 60% to the Metropolitan Council, 40% to MnDOT, of which 25% is for small cities and 20% for Greater Minnesota transit; Senate CSAH formula - 10% equally, 10% lane-miles, 30% population, 50% needs; No referendum for a half cent sales tax in the 11 county metropolitan area. The House counter-offer included: No change in CSAH formula; Up to $100 million per year over 10 years in trunk highway bonds, financed by the gas tax increase, split as follows: No $750 million in trunk highway bonding as proposed by House; Do not convert $245 million in trunk highway funding cash to bonds; No indexing of the gas tax; No half cent sales tax for the 11-county metropolitan area; Constitutional amendment dedicating current MVST appropriations, House position on bonding for transit and transportation: No funding for MN/DOT buildings. |