Northern Virginia Business/Community Resolution
Calls on 2012 Virginia General Assembly
To Provide New, Sustainable Transportation Funding
A coalition of 26 business and community organizations representing most Northern Virginia businesses and workers released a resolution calling on Virginia Governor Bob McDonnell and the 2012 General Assembly to work together to "secure significant, new, dedicated, reliable transportation revenues drawing on a package of balanced and equitable funding sources."
The Resolution says, "bonds, public-private partnerships, General Funds, allocation formula changes, infrastructure banks, tolls and other currently used mechanisms are part of the solution, but are inadequate, individually or collectively, to address well-documented (transportation) needs."
The Resolution calls Governor McDonnell's 2011 $3.3 billion transportation program a "good start" while noting that the Governor has acknowledged it does not meet Virginia's long-term funding needs.
The Resolution concludes, "Fiscal and political realities dictate that the Commonwealth's transportation needs cannot be met without new, reliable revenues in the form of dedicated taxes and fees."
The Resolution also points out that "new transportation infrastructure is an investment, not a cost" that results in significant new economic activity.
The Resolution states that transportation-dedicated taxes and fees are virtually unchanged in the past 25 years and that during that time Virginia has experienced tremendous growth. The result is a transportation network lacking in adequate maintenance and capacity.
To read the entire Resolution, click here.
To read the list of Signatory Organizations, click here.
After 25 Years...
If Now is Not the Time and Responsibility for Providing New Funding Does Not Rest with the
2012 General Assembly,
When is the Time and with Whom Does it Rest?