June 11, 2013

Editorial: Road repair plan heading in wrong direction

LAST MONTH, Treasurer Curtis Loftis’ office suggested that credit-rating agencies would look askance at a road-repair plan that simply raided the general fund, since state revenues still haven’t recovered to pre-recession levels. The office suggested that a proposal by the Senate Finance Committee would raise fewer concerns because in addition to raiding general funds, it also raised taxes and fees. But that plan won’t be considered until next year, and Gov. Nikki Haley has made it clear she has no interest in any tax hikes.

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