Virginia Senate Passes Transportation Funding Package
With Senate passage of the transportation conference report, Virginia has its first comprehensive, long-term transportation funding solution in nearly three decades. The historic measure passed the Senate in a 25-15 vote.
Of the legislators representing the Prince William area, Senators Colgan, Puller and Barker voted in favor. Senators Black and Stuart voted against.
“Securing sustainable, comprehensive transportation funding for Virginia has long been a top priority of the Prince William Chamber. Today’s vote represents a new day for the Commonwealth,” said Prince William Chamber of Commerce President & CEO Rob Clapper. “We will now have real funding for significant road construction and maintenance of existing infrastructure, improving economic competitiveness and the quality of life in Virginia.”
When fully implemented, the funding package would generate an estimated $880 million in 2018, of which $200 million comes from existing General Funds. The five-year transportation total is estimated at $3.5 billion. The regional component for Northern Virginia is estimated to generate an additional $350 million per year for regional projects.
The full 2013 Public Policy Priorities document of the Prince William Chamber can be found online at www.pwchamberadvocate.org.