MONTGOMERY, Ala. (AP) - Alabama's governor and pension fund chief are urging citizens to vote against a proposal to spend $1 billion from a state savings account on road projects in every county.
Gov. Bob Riley and Retirement Systems CEO David Bronner said Amendment 3 would scatter money across the state without considering where the greatest needs are. Bronner even wrote an article in The Advisor, the RSA's newsletter, on why he's not in support of Amendment 3.
A leading proponent, Billy Norrell of the Alabama Road Builders Association, said it would create badly needed construction jobs and help replace outdated bridges that school buses cannot cross.
The proposed constitutional amendment would take $100 million a year for 10 years from the Alabama Trust Fund. The money would be distributed to every congressional district, county and city for projects. It would start about the time federal highway stimulus money ends.
WSFA 12 News' parent company, Raycom Media, is financed in part by The Retirement Systems of Alabama.
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