By Andy Ober
Assistant Managing Editor, Inside Indiana Business

INDIANAPOLIS — Governor Mike Pence says he will sign a more than $1.2 billion road and bridge funding bill into law today. The measure includes $42 million to fund an expanded Regional Cities Initiative.

The two-year funding bill is significantly stripped down from earlier versions and was a result of a compromise among Indiana House and Senate lawmakers. The measure uses a combination of state reserves, tax re-allocations, Major Moves dollars and proceeds from last year’s tax amnesty program to fund the projects. Previous proposals included tax hikes on gas and cigarettes.

Pence will ceremonially sign the bill at 11:30 a.m. at the Grand Park Administration Building, Westfield.  At 2:30 p.m., he will officially sign the measure at the Allen County Court House Rotunda, Fort Wayne.

Source: Inside Indiana Business