Government Issues

Allowing D.C. Metro's continued decline could cost region $1 billion

Posted on October 27, 2016

WASHINGTON, D.C. — Allowing Metro to deteriorate further will slow the region’s growth and could eventually cost area governments $1 billion or more a year in lost tax revenue, according to an initial study approved by the Metropolitan Washington Council of Governments, reported The Washington Post.

To that end, finding new funds for Metro, and insisting that it improve its performance, are both critical to the region’s economic future, according to the report. “While Metro must be held accountable, it must also be supported, politically and financially,” the report said. “Failure is not an option.”

The report lent support to the recent call by D.C. Mayor Muriel E. Bowser (D) to create a dedicated revenue source for Metro, such as a 1-cent regional sales tax., according to the Post.

For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

APTA chief calls for streamlining, expediting capital investment grants

With current and future projects seeking $27 billion in funds, Congress urged to provide funding at or above FY2019 levels.

House passes bill banning usage of Fed funds for Chinese rolling stock

The authors assert Chinese state-owned and state-supported enterprises have used subsidized “bargain prices” well-below competitive market price to win contracts throughout the U.S.

Bill to strengthen Buy America requirements reintroduced in Congress

When certifying that materials used in construction are “Made in America,” the bill requires DOC to ensure support of American jobs.

Support for raising Federal gas tax continues to rise, finds Mineta report

Seventy-five percent of respondents supported a 10¢ increase in the gas tax if the revenue raised is dedicated to maintenance projects.

FMCSA seeks input on 18-to-20-year-old interstate commercial drivers

Drivers ages 18-20 may currently only operate CMVs in intrastate commerce.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation