This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Governor Corbett Discusses Importance Of Transportation Funding Plan

Plan Praised by Local Community, Labor and Business Groups

PITTSBURGH, Feb. 14, 2013 /PRNewswire-USNewswire/ -- Governor Tom Corbett today discussed his plan to inject nearly $2 billion of additional funding into Pennsylvania's transportation system, while reducing the gas tax paid by consumers at the pump by 17 percent.

This investment in Pennsylvania's future increases public safety, drives commerce, creates jobs and provides reliable funding for our transportation needs without leaving the bill to our future generations. 

"Our economy, quality of life and safety relies on keeping Pennsylvania's transportation system well maintained," Corbett said. "If we do not act now, the solution only gets more expensive and our infrastructure will continue to deteriorate quicker than we can afford to maintain it."

Corbett stressed the importance of passing his long-term funding solution, explaining that the commonwealth's transportation problems have been building for three decades.

"Our most costly option would be to do nothing," Corbett said. "Ten years from now, it's going to cost a lot more to repair a bridge or pave a highway. And if we go too long, we'll have to pay to replace them altogether. That is likely to double or even triple the cost."

Corbett laid out his plan for transportation funding during a press conference in Pittsburgh.  Joining the Governor was PennDOT Secretary Barry Schoch and local representatives from labor, business, education, agriculture, tourism and government, voicing praise and support of the Governor's plan and the need for immediate action.

Pennsylvania's current transportation funding shortfall has been an ongoing concern that has resulted from inflation, reduced tax income due to more fuel efficient vehicles, and decades of underinvesting.

Without action, the number of structurally deficient bridges, now at more than 4,000, will continue to rise, travel conditions will worsen as the number of roadway miles in poor condition will continue to increase, commerce will suffer and decreased project work will lead to the loss of 12,000 jobs.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs