Powered by

Whitmer pushes road funding plan that relies on new debt

Apr 09, 2018 - Crain's Detroit Business

Former state Sen. Gretchen Whitmer, the frontrunner for the Democratic nomination for governor, pitched a "fix the damn roads" plan last week for repairing Michigan's faltering infrastructure that comes with one big caveat: Get out the damn credit card.

Whitmer proposed the creation of an infrastructure bank that would need to be capitalized with up to $2 billion in new state bond debt every year for the next decade in order to leverage an additional $1 billion annually in local, federal a...