Gov. Tom Corbett today signed a comprehensive transportation bill that will invest an additional $2.3 to $2.4 billion in roads, bridges and mass transit by the fifth year of the plan. The bill cleared the General Assembly last week,
“Today I put my signature on Pennsylvania’s passport for the future,” Corbett said. “Through bipartisan spirit and an agreement that crossed party lines it shows that Pennsylvania is a state in which moderation, careful thought and good faith still play a large role in how we govern. Pennsylvania is a state that puts progress ahead of party lines with a common goal of serving our citizens.’’
By the fifth year of the plan, the transportation package will invest an additional:
• $1.3 billion annually for state roads and bridges;
• $480 million to $495 million annually for public transportation;
• $237 million annually for local roads and bridges;
• $144 million annually in a multimodal fund;
• $30 million annually for dirt, gravel and low-volume roadways; and
• $86 million annually for Pennsylvania Turnpike expansion projects.
House Bill 1060 is similar to the former Senate Bill 1 in that it uncaps the oil company franchise tax over five years and increases vehicle registration and licensing fees to provide additional funding.