LANSING, Mich. — Senate Appropriations Committee Chairman Jim Stamas on Thursday introduced a resolution calling for the responsible use of the state’s transportation bonding authority and outlining the Legislature’s intent regarding future debt service payments.
“After proposing a 45-cent gas tax increase last year that the people of Michigan overwhelmingly opposed, the governor has rushed a plan to take on billions of dollars in new debt — just four months after she vetoed a $400 million increase to fix local roads,” said Stamas, R-Midland. “Bonding is a financing mechanism, not a funding source. It adds to our state debt and will cost Michigan families over $5 billion to pay off.
“Instead of going it alone, it’s time for the governor to come to the table and work with the Legislature on an affordable, long-term plan that improves all the roads in our state.”
Senate Concurrent Resolution 22 says that the Legislature’s intent is not to increase future debt service spending above the levels authorized in fiscal year 2020 and not to authorize spending for debt service on bonds longer than 10 years.
“The Michigan Constitution clearly intends for the Legislature to be involved in transportation bonding decisions,” Stamas said. “This resolution is about clearly defining the Legislature’s intent for transportation bonding and outlining the amount we are willing to spend going forward on debt payments.”
SCR 22 has been referred to the Senate Appropriations Committee for consideration. If approved by both the Senate and the House of Representatives, the resolution would be sent to the governor, the director of the Department of Transportation and the members of the State Transportation Commission.