From the Press Release:
Atlanta, GA – Today, the Georgia Chamber joined 30 other state chambers of commerce in calling on Congress to act on critical transportation infrastructure. Congress currently faces a critical crossroads as they begin to discuss both the solvency of the Federal Highway Trust Fund and the reauthorization of the surface transportation bill passed in 2012.
“While the passage of MAP-21 led to great reforms in our nation’s transportation funding, we need Congress to build upon this momentum now before its authorization ends,” said Georgia Chamber president and CEO Chris Clark. “Congress’ timely passage of the next surface transportation bill with the principles discussed in the coalition of state chambers’ letter will strengthen our nation’s infrastructure and allow the U.S. to remain a global economic leader.”
The letter, signed by Chris Clark, can be found at www.gachamber.com/uploads/
2014TransportationFunding.pdf. The principles agreed upon by the coalition of state chambers across the United States urge Congressional action that focuses on financial solvency, marketplace stability through long term authorization, and flexibility for state transportation programs.
The fun facts are not that the system is breaking but just how bad things really are. Like the Highway Trust Fund will run out in August. Or that each year, without any changes to how the system is funded, the HTF will be $12 billion short. That problem continues until 2020 where it will then fall short $13 billion each year. This adds up to a cumulative shortfall of $129 billion by 2024. And that’s just the highway account and doesn’t include the transit account.
Transportation isn’t a sexy topic like foreign policy, but everybody’s going to notice when it breaks.