The statement below was released today by the American Public Transportation Assn., a Washington-based nonprofit which represents transit agencies (including Metro) and private firms involved in building and operating transit:
APTA Applauds President Obama’s Proposed FY 2012 Budget
Investments in Public Transportation and High-Speed Rail Will Create American Jobs and Spur Economic Recovery
The American Public Transportation Association (APTA) is extremely pleased with the federal investment proposed for public transportation and high-speed rail in President Obama’s FY 12 budget.
“We applaud President Obama for his leadership and vision in making public transportation and high-speed rail programs a high national priority,” said APTA President William Millar. “Given the difficult federal budget environment and the need to grow jobs and the economy, the President’s proposal recognizes the difference between spending and investment.”
“We’re also pleased that he outlines a robust, multi-year authorization bill which includes the creation of a truly multi-modal trust fund that ensures the money intended for surface transportation is spent on surface transportation.”
President Obama’s investment in public transportation will create American jobs and spur economic recovery. Public transportation is a proven job creator as every $1 billion invested in public transportation creates and supports 36,000 jobs. Also, for every $1 invested in public transit, $4 is generated in economic returns.
“We urge the Congress to move expeditiously on the President’s budget and authorization proposal,” said Millar.