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Mon August 29, 2011
Martinez To Request Road Funding To Offset Rail Runner Drain
By KRWG News
New Mexico – Gov. Susana Martinez's administration plans to ask the Legislature to provide $41 million for road maintenance across the state to help offset a drain on the Transportation Department from costs of the Rail Runner commuter train system.
The Republican governor wants lawmakers to provide the money in a capital improvement bill during a special legislative session next week.
The Martinez administration developed the request after reviewing the Rail Runner's long-term costs.
An analysis by the Department of Finance and Administration estimates the commuter rail operation is costing an average of $65 million, with the state picking up the biggest share of that.
The largest expense is debt service averaging almost $42 million a year for the state to retire bonds for capital expenses to start the rail service.
Copyright 2011 The Associated Press.