WCCO EYE4 LOGO WCCO Radio wcco-eye-gold01, ww color gold

Local

Seifert Eyes Budget Reserve For Possible Road Aid

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Why Do People Want To Buy Things First?
  2. 4 Things To Know For Sept. 16, 2014
  3. Underground U Of M Lab Fights Food Terrorism
  4. Radisson Suspends Minnesota Vikings Sponsorship
  5. Peterson Allegations Give Vikings A PR Challenge

ST. PAUL, Minn. (AP) — Republican candidate for governor Marty Seifert says lawmakers should consider tapping the state’s rainy-day budget reserve for a road-construction infusion.

Seifert said Friday that pulling from the reserve would be one option he’d use to address a backlog of road and bridge needs. He’s opposed to raising new revenue through taxes and fees.

Lawmakers recently increased the state’s budget reserve to $811 million to better cushion the blow from future economic downturns. Seifert says he thinks $500 million is an adequate reserve.

The former legislator says the reserve is a good fit for road work because those are one-time expenses rather than permanent programs needing recurring dollars.

Seifert discussed the reserve concept and other economic proposals at a news conference four days before Tuesday’s four-way Republican primary.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,856 other followers