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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV