This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs