WASHINGTON, DC, November 24 - In order to stimulate
the economy and meet pressing infrastructure needs, the Vermont
congressional delegation is seeking to waive the state and local match
requirement for all federally-funded highway, transit and rail projects
through September 2009.
The move would give Vermont and other
states facing tight budgets a much-needed boost to improve roads and
bridges, support public transit agencies and upgrade rail lines at no
additional cost to the federal government.
Transportation officials have reported
that because of growing budget deficits at the state and local level,
many ready-to-go projects simply cannot move forward without untying
the strings of the required match. Under the Safe, Accountable,
Flexible and Efficient Transportation Equity Act, states are typically
required to meet a 10 or 20 percent match for federally funded
projects.
By waiving the match requirements,
states and municipalities will be able to continue upgrading the
nation's crumbling infrastructure while stimulating the economy and
quickly creating
new jobs. Sens. Patrick Leahy and Bernie Sanders and Rep. Peter Welch
are drafting legislation they plan to introduce in the coming weeks
that would grant this waiver through September 2009.
Leahy said, "It's clear that Vermont's
infrastructure has suffered due to limited state funding. By allowing
the free flow of federal funds to these projects, Vermonters will see
improved roads and bridges, as well as additional jobs. With tight
state budgets all over the country, Congress has a responsibility to
enable the completion of projects that are already lined up and ready
to go."
Sanders said, "Any economic recovery
package should first improve our crumbling infrastructure by improving
our roads, bridges and public transportation. The elimination of the
state and local match would complement increased funding and heighten
the effectiveness of economic recovery efforts. Our nation's state and
local governments are currently taking in far less revenue due to
falling property values and reduced sales tax revenues, and also face
higher borrowing costs in credit markets. These cities and towns are
on the front line of our economic crisis and they would be the first to
benefit from reduced matching requirements."
Welch said, "Vermont's growing
transportation budget shortfalls and lengthening project backlogs are
bad news for our state's economy and worse news for the safety of its
drivers. As our roads and bridges crumble and our economy falters, we
must work hard to find common-sense solutions to both problems. This
no-cost waiver is a solid first step on our road to recovery."
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