Here’s a new graphic from Metro showing the growing support for the bond part of the America Fast Forward program that Congress will hopefully adopt this year. And here’s the update from Metro’s government relations squad:
Last week, New York City Mayor Michael Bloomberg and Chicago Mayor Rahm Emanuel joined over 100 mayors from across the United States in encouraging the United States Congress to back our agency’s America Fast Forward Transportation Bond initiative. America Fast Forward Transportation Bonds represent a new class of qualified tax credit bonds that would, if enacted into federal law, significantly increase transportation infrastructure investments across the nation. Support for the initiative is bi-partisan in nature, including from Scott Smith, the Vice-President of the Conference of Mayors. Mayor Smith is a Republican who is currently the mayor of Mesa, Arizona. Please find here a map that illustrates the broad array of America’s mayors in support of America Fast Forward Transportation Bonds.
Here’s an earlier post that better explains the bond program. The gist of it: these are bonds that would come without interest for transit agencies, a potential savings of millions of dollars on big projects.