Md. House Committee To Consider Transportation Trust Fund Lock
ANNAPOLIS, Md. (AP) — The Maryland House Appropriations Committee will consider arguments for shuttering access to money used to pay for transportation projects.
Lawmakers will hear testimony Tuesday on a bill that would create a constitutional amendment to protect the Transportation Trust Fund, which has been raided in recent years to stem state financial shortfalls.
The bill is similar to legislation introduced in the state Senate, where lawmakers on both sides of the aisle have proposed locking the account.
Last week, Gov. Martin O’Malley said he wants to levy a 6 percent sales tax on gas to help rebuild the languishing fund.
While complete details of that plan have yet to be released, a spokeswoman for the governor said O’Malley plans to introduce measures to protect the fund.
(Copyright 2012 by The Associated Press. All Rights Reserved.)