John Hennessy III,
P.E.
TRANSPORTATION ISSUES DAILY
Whether by the hands of the new fiscal commission or through the alternative automatic cuts, federal transportation funding is going to decline dramatically compared to recent years. The Senate transportation proposal, which counted on a $12 billion infusion of general funding, suddenly looks just a little less attainable. So too is the prospect of a better-funded bill in two years, if Congress doesn’t pass a bill this year.
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Looking to leverage private investment and an untapped market for tax credit bonding to rebuild America’s transportation infrastructure, U.S. Senators Ron Wyden (D-Ore.), John Hoeven (R-N.D.) and Mark Begich (D-Alaska) have introduced legislation to create a tax credit bond program dedicated to transportation infrastructure. Transportation and Regional Infrastructure Project bonds or TRIPs will be a financing tool to fund the rebuilding of the nation’s crumbling transportation infrastructure.
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The American Society of Civil Engineers has released an accompanying infographic to their recently released report. “The nation’s deteriorating surface transportation infrastructure will cost the American economy more than 870,000 jobs, and suppress the growth of the country’s Gross Domestic Product by $3.1 trillion by 2020. The report showed that in 2010, deficiencies in America’s […]
View this complete post...TRANSPORTATION ISSUES DAILY Written by Larry Ehl If a debt deal isn’t reached and the government defaults, what might happen to transportation funding? According to an analysis by the well-respected Bipartisan Policy Commission (BPC) there would be barely enough funding to pay interest, Social Security, Medicare and Medicaid, defense, and unemployment benefits. In another scenario, […]
View this complete post...Demolition of the main section of the Jamestown Bridge in Rhode Island. Now who’s going to clean that up? Disclaimer: I do NOT own any of the material shown (video) or heard (audio) in this video. Video and it’s sound-s belong to their respectful owners. –RandomKewlStuff on YouTube
View this complete post...Kathleen Mulligan-Hansel is the Deputy Director of The Partnership for Working Families. She has deep roots in accountable development work, having served as a founding co-chair and primary staff lead for the Good Jobs & Livable Neighborhoods coalition in Milwaukee while a coordinator of the Working Families Project at the Institute for Wisconsin’s Future. Under […]
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NATIONAL ASSOCIATION OF AREA AGENCIES ON AGING
Two powerful phenomena have come face-to-face this year, demanding urgent attention. One is demographic: the rapid and dramatic aging of the U.S. population. In 2011, in communities across the country, the leading edge of the Baby Boom generation reached age 65. By 2030, more than 70 million Americans—twice the number in 2000—will be 65 and older. At that time, older adults will comprise nearly one in five Americans.
Kathleen Mulligan-Hansel is the Deputy Director of The Partnership for Working Families. She has deep roots in accountable development work, having served as a founding co-chair and primary staff lead for the Good Jobs & Livable Neighborhoods coalition in Milwaukee while a coordinator of the Working Families Project at the Institute for Wisconsin’s Future.
View this complete post...PEDESTRIAN OBSERVATIONS
House Transportation Committee Chair John Mica (R-FL) has finally come out explicitly in favor of privatizing the Northeast Corridor and letting private consortia bid for high-speed rail construction. Mica’s rationale is that Amtrak is an inefficient government provider, and its proposal for spending $117 billion over 30 years to build high-speed rail in the Northeast is deficient…Not mentioned anywhere in the article is the FRA, which is the real obstacle to modern rail operations. Mica has to my knowledge said nothing about the FRA, which is too bad, since it could feed into the Republican narrative of bad government and the need for privatization and deregulation.
Video from the demolition of the old bridge on Peppers Ferry Road, Route 114, over the New River in southwest Virginia, June 21, 2011. Visit www.virginiadot.org. – vdotweb on YouTube
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