Infrastructure Funding and Economic Recovery

Resolution number 10-07.09b

WHEREAS, the California and National economies are experiencing a Depression-like status regarding jobs and working families’ survival, and the opportunity exists to enhance society by accelerated funding of transportation and infrastructure projects by incorporating federal lines of credit put out by the Safe Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) and Transportation Infrastructure Finance and Innovation Act (TIFIA), where local and regional tax increments have passed to pay for such projects; and

WHEREAS, Los Angeles Mayor Antonio Villaraigosa has worked to pass Measure R, which calls for forty billion dollars in transportation projects over the next thirty years to be paid for by local sales taxes, and working with Senator Boxer and Transportation Secretary Ray LaHood, in a program called "30/10" seek this to be the prototype for a national example of local government repaying the federal dollars with a dedicated revenue stream; and

WHEREAS, every billion dollars of construction funds create 47,000 jobs and when spent on local transportation development reduces greenhouse gasses, increases mobility and livability for communities, and the expedited funding could accelerate a national recovery without increased federal debt;

THEREFORE BE IT RESOLVED, that the California Democratic Party calls upon the California Congressional Delegation to support funding this concept and encourage all local governments to apply for these funds where a proven dedicated revenue stream for repayment exists.

Authors/Sponsors: Resolutions Committee; Dante Atkins (AD 42)

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Adopted by the California Democratic Party
At its Executive Board Meeting\xe2\x80\xa8
Holiday Inn San Jose
July 18, 2010

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