Vital Transportation Projects Move Forward Thanks to Long-Term Funding Reforms
As you know, fighting to secure long-term transportation funding reforms was the centerpiece of the NC Chamber’s JOBS Agenda in 2015. Now, as this recent article in the Triad Business Journal explains, some North Carolina communities are already feeling the beneficial impacts of those reforms.
The article quotes Adam Fischer, Greensboro’s director of transportation, making the claim that thanks to reform measures included in the state budget, Greensboro can expect to “gain $95.5 million in funding to construct six additional projects over the next decade.” According to the article, the state budget (cited as House Bill 97, the piece of legislation that secured final appropriations for the 2015 budget) added “$1.6 billion in transportation revenue statewide over the next 10 years.” However, the revenue secured by the full list of long-term transportation funding reforms passed in 2015 actually totaled much higher than that – to the tune of $708 million in recurring revenue.
Even so, the point remains: Greensboro and other state communities can expect to see a number of important transportation projects fast-tracked that otherwise would likely still be on the waiting list; and many of these projects will bring untold numbers of new jobs to communities across the state. As more communities announce additional projects and we begin to get a clearer picture of the full benefits they will bring for new job creation in North Carolina, the NC Chamber will continue to update you on these exciting developments.
Visit the article linked above to view a full list of the new transportation projects moving forward in Greensboro thanks to long-term transportation funding reforms.
Gary J. Salamido
Vice President, Government Affairs
North Carolina Chamber