Transportation Funding Deal Reached Today Between Legislature and Governor
Senator Mike McGuire, an outspoken advocate and co-author of the Senate’s comprehensive transportation funding package, is pleased to announce a deal has been reached between the Legislature and Governor. The deal will advance billions of dollars to improve California’s crumbling roads and transportation infrastructure. Specifically, $52 billion over the next decade for transportation infrastructure – roads, highways and public transit.
“We have been working hard to ensure a critical transportation funding package was approved this year,” said Senator Mike McGuire. “We have a transportation funding crisis in California – our roads, highways and bridges are crumbling because our state has failed to invest in our transportation infrastructure – and tens of millions of California commuters, businesses and travelers are literally paying the price for our lack of action.”
Senator McGuire has been a champion for passing a comprehensive fix to California’s crumbling transportation infrastructure.
The transportation funding package will provide cities and counties with significant annual revenue streams to make local infrastructure improvements like rebuilding and paving local roads and streets and bridge repair. With 87 percent of California’s roads rated in fair or poor condition, and estimated statewide deferred maintenance backlog over the next 10 years of $132 billion, this transportation plan will provide the long overdue investments from the state.
The bill will bring in $5 billion in new revenue annually with accountability to ensure funds can only be spent on transportation via a constitutional amendment. Every billion dollars spent on transportation infrastructure, creates 14,000 full-time jobs.
Here’s an article that helps break down what to expect from the deal: http://www.capradio.org/articles/2017/03/29/brown,-democratic-lawmakers-reach-transportation-funding-deal/