The Virginian-Pilot is reporting that the leadership of the state Senate and House of Delegates have agreed to a compromise transportation plan that will include a combination of tolls and fee increases. The $2 billion package calls for issuing bonds and redirecting revenue from the General Fund. Additionally, the package calls for regional plans for Northern Virginia and Hampton Roads. The Hampton Roads plan would include $200 million a year for local projects, funded by an increase in the real estate for most businesses.
Details of the announcement will be forthcoming around 4 p.m. today.