General Fund; FY2024 appropriation to Perry County for road and bridge construction to access industrial park.
Impact
The successful passage of SB2998 will have a positive impact on state laws regarding infrastructure development and funding. It emphasizes the state's commitment to investing in local economies and improving public infrastructure, thereby potentially increasing job opportunities in the region. The funding will allow the Perry County Board of Supervisors to proceed with construction plans that are aimed at bolstering the local economy through improved transportation links to the industrial park.
Summary
Senate Bill 2998 aims to appropriate funds for the construction of a roadway and bridge to improve access to the Perry County Industrial Park. The bill requests a total of $2,760,890.00 from the State General Fund to cover the expenses associated with this infrastructure project. The appropriated funds are intended for use within the fiscal year 2024, commencing on July 1, 2023, and concluding on June 30, 2024. The infrastructure improvements are considered essential for enhancing the economic development potential of the Perry County area by facilitating easier access to the industrial park.
Contention
While there are no specific points of contention noted within the available discussions on SB2998, appropriations bills often face scrutiny regarding budget allocation and the prioritization of funding for infrastructure projects. Questions may arise about the adequacy of funding for ongoing operational costs or other critical projects in the state. Additionally, stakeholders may debate the effectiveness of the proposed infrastructure improvements in fostering long-term economic growth compared to other possible investments.
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.