INDIANAPOLIS -- Governor Pence announced Wednesday that county auditors have distributed $505 million to local governments, including $435 million that can be used to fix roads and bridges.
On April 22, the state made a one-time, special distribution to counties using excess Local Option Income Tax reserve funds.
Senate Enrolled Act 67 required county auditors to distribute all funds to local governments before June 1.
Marion County is among the areas receiving the most from the LOIT distribution - more than $59 million.
Boone County is set to receive a little more than $3 million.
The Boone County highway engineer says most of the 750 miles of pavement and 200 bridges are in average or below average condition.
He says he plans to use most of the money for resurfacing.
"We need more money, sustained revenues. This one-time influx will be helpful, but again, we're always looking for a sustained funding source to help us maintain the road network that we have," said Craig Parks, Boone County Highway Engineer.
Local governments submitted a list of needs to the state as a condition for receiving the money and seeking matching dollars.
The list will help state lawmakers figure out the investment needed and a long-term plan for fixing the state's roads and bridges.
In addition to the $435 million that went to counties, cities and towns, other local government units received $70 million for deposit in their rainy day funds.
