Massachusetts Gov. Deval Patrick yesterday filed a $3 billion bridge-repair bonding initiative, an eight-year borrowing plan that now includes short-term debt and gas tax bonds to help finance upgrades to nearly 300 bridges currently deemed as structurally deficient.

The financing includes $1.1 billion of grant anticipation notes to be backed by future federal funding and another $1.9 billion of bonds backed by gas tax revenues. To help generate additional gas tax revenue for the bonds, the legislation calls for a pledge of 10 cents of the state's 21-cent gas tax, up from the current 6.8-cent dedication.

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