From a press release today out of Welch’s office:
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.
This seems like a very good idea, and a sound way to ramp up infrastructure repair with no extra budgetary impact at the federal level and a potentially significant impact on reducing state budgets at a time when they are in crisis. Two birds with one stone, and those could be big, big birds for a small state like Vermont. Would love to see some numbers on just how many projects at what dollar value could be impacted.
Very nice 3 Musketeers moment, guys. Kudos.
(That’s two candy bars mentioned in the last paragraph….I must be craving sugar)
UPDATE: Apparently the idea was mentioned on VPR did a full news item on Bartlett’s idea on Nov. 14 a couple weeks back, where Rep. Welch gave credit to recognized and supported State Senator Susan Bartlett’s (D-Lamoille) for the original idea and pledged to take it to Washington.