A state lawmakers says he has a plan to help fix PACT. Representative Craig Ford held a news conference Tuesday to announce his proposals to provide funding to ease the PACT financial crisis.
Plan A is taking $5 million from the Capital Improvement Trust Fund and $25 million from the abandoned property funds. Over the next five years that would deposit $150 million into PACT.
Plan B is a constitutional amendment voters would have to approve. The funds would come from the Oil and Gas Trust Fund. $150 million the first year and an additional $25 million each year after that to deposit a total of $150 million into PACT.