Democrat candidate for governor proposes creating a “bank”.
The John Gregg – Christina Hale Democratic Party gubernatorial ticket is proposing what it calls “a comprehensive, fiscally-responsible’ plan to invest more than 3-billion dollars into the state’s infrastructure over the next decade. And Governor candidate John Gregg told reporters in Gary that it’ll be done without raising anyone’s taxes.
Gregg is proposing spending 3-billion dollars in long-term funding for local and state projects. He said he also wants to take 200 million dollars out of the existing 500-million “next generation trust fund” to set up what he calls the “Hoosier State Infrastructure Bank.”
The HSIB would also allow locals to “swap” federal dollars with state dollars providing more flexibility in their road and bridge budgets.
Gregg said at his northwest Indiana news conference that poor road and bridge conditions not only affect motorists because they have to pay the repair bills, but affect businesses and hurt efforts to grow and create jobs.
