COLUMBIA — The state Senate approved a budget amendment late Thursday that allows for hundreds of millions of dollars’ worth of road and bridge construction.
The vote came on the seventh day of floor debate on the Senate’s $6.3 billion plan for state taxes.
The amendment approved with bipartisan support transfers $50 million to the State Infrastructure Bank, to be leveraged through borrowing.
The Senate Finance Committee had advanced a bill funding infrastructure through redirecting taxes, borrowing money and raising fees. But many Republicans oppose the package as raising taxes.
The Department of Transportation says it needs $1.5 billion yearly over 20 years just to get roads to good condition.