INDIANAPOLIS (AP) — The $3.8 billion Indiana received in 2006 for leasing the Indiana Toll Road to a foreign consortium will be mostly spent or allocated by the time the state's next governor takes office in January.
As Republican Gov. Mitch Daniels' tenure winds down, The Journal-Gazette reports (http://bit.ly/Ma97bX) it's unclear what exact financial situation he's leaving his successor for highway projects.
Indiana's next governor, either Republican Mike Pence or Democrat John Gregg, will face a big drop in highway funding and few options on the table. By next January, only a few months' worth of money from the Toll Road lease will remain.
Jack Basso of the American Association of State Highway and Transportation Officials says Indiana will soon find itself in the same financial situation as other states.
Information from: The Journal Gazette, http://www.journalgazette.net