To consolidate, disseminate, and gather information concerning the 710 expansion into our San Rafael neighborhood and into our surrounding neighborhoods. If you have an item that you would like posted on this blog, please e-mail the item to Peggy Drouet at pdrouet@earthlink.net

Thursday, January 17, 2013

AASHTO Backs $50 Billion in Transportation Infrastructure Bonds



The head of the American Association of State Highway and Transportation Officials said Wednesday that Congress should pass legislation for a $50 billion bond program to fund needed transportation projects.

Such a program “would create thousands of jobs, stimulate economic recovery and improve mobility in every state,” said John Horsley, AASHTO’s executive director.

The Transportation Regional Infrastructure Project bond program would give every state $1 billion over six years for transportation and be paid for through U.S. customs fees, Horsley said at the Transportation Research Board’s annual meeting in Washington.

He also proposed that Congress convert the excise tax on fuels to a sales tax, and set it to an amount that would restore solvency to the Highway Trust Fund, which AASHTO says is currently spending $15 billion more annually than it receives in revenue.