Friday, December 4, 2015

Congress Passes Five-Year Transportation Plan- Finally

Wow, it's like Christmas is coming early this year! We may have a new five-year, $305 billion highway bill very soon.

Both the Senate and the House yesterday approved the bill, which now moves on to President Obama to sign.

The Wall Street Journal says the bill would provide money for roads and rail projects, renew the Export-Import Bank, and even restore a crop-insurance subsidy. Ferry systems also stand to receive funding and auto companies face safety defect fines under the bill.

The majority of funding for the bill will be provided by gas tax revenue. About $207.4 billion would be devoted to highway projects, $48.7 billion to public transit, about $8 billion for Amtrak and almost $1 billion to safety programs.

If signed by Obama, the measure will also establish the first-ever grant program guaranteeing financing for large-scale freight project.

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About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.