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Gov. Pence signs road spending bill

Posted at 5:44 PM, Mar 23, 2016

INDIANAPOLIS -- Gov. Mike Pence says Indiana will benefit from a short-term road funding deal that will pump roughly $230 million in new money into state highways and bridges over the next two years.

Pence praised the package approved by legislators earlier this month during a ceremonial bill signing Wednesday in Westfield.

The package represents less than a quarter of the $1 billion boost in state highway money that Pence sought, but doesn't include an increase in cigarette and gasoline taxes backed by House Republicans as a longer-term plan to increase funding.

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The plan also gives about $580 million to city and county governments for local road projects, with much of that coming from a one-time distribution of local income taxes held in reserve by the state.

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