Of the total annual revenue created by Rebuild Alabama, the project to expand the Port of Mobile will only receive 3.6% of revenue or $11.7 million. The funding will go towards a bond issuance that cannot be financed for more than 20 years. Once the bond debt service is paid off, then those dollars will go back into roads and bridges. Learn the facts. #fixALroads
True or False: The Port of Mobile will receive 50% of Alabama’s increased gas tax?
Recent in Sponsored
The Alabama School of Cyber Technology and Engineering (ASCTE) is planning a major expansion of its academic and research footprint with the development of a new Research Institute, with construction expected to begin later this year. School officials say the institute will serve as an Alabama Center for Excellence and will be among the first […]
The Alabama School of Cyber Technology and Engineering (ASCTE) is planning a major expansion of its academic and research footprint with the development of a new Research Institute, with construction expected to begin later this year. School officials say the institute will serve as an Alabama Center for Excellence and will be among the first […]
Related
Next Post
Latest disclosure shows Doug Jones only raised 12 percent of funds from Alabama
Sean Ross — April 15, 2019
