BOISE - After two full days of negotiating how to address Idaho's transportation funding shortfall, a six-member joint panel reached a $95 million compromise.

The new plan is a compromise between House members reluctant to raise taxes and Senators hesitant to spend general fund dollars, and still falls far short of the $262 million annual shortfall the state has faced for road maintenance since 2010. It was passed unanimously by the Legislature's special joint conference committee late Friday afternoon.

The panel's compromise bill would raise fuel taxes by 7 cents per gallon and increase registration fees by $21. But Sen. Roy Lacey, D-Pocatello, wanted to raise more money.

"I'm a bit disappointed with what we've done," he said. "I think that, once again, we're kicking our problem down the road. It's going to cost us and our children more."

In addition to the $95 million estimate, the plan would also dedicate excess general-fund dollars to statewide roads projects for the next two years.

Lawmakers say they hope to rush the bill through both chambers and adjourn the session late Friday night.

The plan would give 60 percent of the new money to statewide highway projects, while 40 percent would go to local districts.

Sen. Dean Cameron, R-Rupert, who co-chairs Idaho's powerful budget-writing committee, wanted more of the new revenue to go toward rural roads.

"I think in spite that it is not what we need it to be, in spite that we have not fully resolved the issue, I think we are making a significant stride forward," he said.

The plan would include non-binding language to start raising registration fees for trucks based on weight and distance traveled in the next three years.

A previous plan from the Senate to raise $127 million for roads was killed in the House earlier this week.