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 […]
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CENTER FOR TRANSIT-ORIENTED DEVELOPMENT
Light rail in the West Corridor presents an incredible opportunity for transit-oriented development to leverage market momentum for new investment and community building. A focus on TOD will support growth near new transit stations, enhance access to opportunity, preserve and enhance the supply of a range of housing choices, reduce the combined costs of housing and transportation, and support walking and biking to stations. However, implementing TOD along the West Corridor will not be a quick or simple process.
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AMERICAN SOCIETY OF CIVIL ENGINEERS
The nation’s surface transportation infrastructure includes the critical highways, bridges, railroads, and transit systems that enable people and goods to access the markets, services, and inputs of production essential to America’s economic vitality. For many years, the nation’s surface transportation infrastructure has been deteriorating. Yet because this deterioration has been diffused throughout the nation, and has occurred gradually over time, its true costs and economic impacts are not always immediately apparent.
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...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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THE COUNCIL OF STATE GOVERNMENTS
State infrastructure banks can help states stretch their state and federal dollars and meet the demands of financing large, impactful, long-term infrastructure projects. When government agencies and authorities must seek yearly grants and allocations to finance projects, the completion of those projects can be delayed for months or years.
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.
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