Invest2000 Applauds House & Senate Transportation Policy Committees; Full Legislature Should Support Bipartisan Votes for 100% MVST Transfer

Apr 12, 2001, 01:00 ET from Invest2000

    ST. PAUL, Minn., April 12 /PRNewswire/ -- Transportation advocates in
 Minnesota are encouraging the full Legislature to support recent actions by
 the state Senate Transportation Committee and the House Transportation Policy
 Committee to provide significant, long-term funding increases for state
 highways, bridges, local roads and transit systems.
     On April 10, 2001, both committees voted to support an amendment to the
 Minnesota constitution that would dedicate 100 percent of the revenues
 generated by the state motor vehicle sales tax (MVST) to transportation needs.
 Such a dedication would provide approximately $330-$350 million annually in
 additional state funding for transportation.  The funding proposals will now
 go before the respective House and Senate transportation finance committees.
     "The House and Senate transportation policy committees deserve a great
 deal of credit and appreciation for recognizing the tremendous long-term
 transportation funding shortfall facing Minnesota and taking courageous action
 to provide a significant, long-term funding increase," said Fred Corrigan of
 the Minnesota Transportation Alliance.  "The votes and proposals in the
 committees were sincere and bipartisan, a clear indication of the importance
 of adequately funding transportation throughout the state.  We hope
 legislative leaders and the full Legislature will honor the work done by these
 committees and support a 100 percent dedication of the MVST to
 transportation."
     Corrigan noted that in the 2000 legislative session, Governor Ventura
 proposed dedicating 100 percent of MVST revenues to transportation funding.
 "Though Governor Ventura did not renew his proposal for the MVST dedication
 this year, we believe the governor would support such a dedication if approved
 by the Legislature," Corrigan said.
     Recent studies conducted by the St. Paul-based Transportation Policy
 Institute found that Minnesota's highways, bridges, local roads and transit
 systems face nearly $10 billion in unfunded repair, replacement and expansion
 needs over the next 10 years.  Approximately $6 billion of the documented
 funding needs are on the backbone state highway system alone.
     The Invest2000 Coalition is comprised of transportation funding
 organizations committed to securing a long-term, regionally balanced program
 for state highway and transportation investments, with significantly increased
 funding from stable, dedicated funding sources.
 
 

SOURCE Invest2000
    ST. PAUL, Minn., April 12 /PRNewswire/ -- Transportation advocates in
 Minnesota are encouraging the full Legislature to support recent actions by
 the state Senate Transportation Committee and the House Transportation Policy
 Committee to provide significant, long-term funding increases for state
 highways, bridges, local roads and transit systems.
     On April 10, 2001, both committees voted to support an amendment to the
 Minnesota constitution that would dedicate 100 percent of the revenues
 generated by the state motor vehicle sales tax (MVST) to transportation needs.
 Such a dedication would provide approximately $330-$350 million annually in
 additional state funding for transportation.  The funding proposals will now
 go before the respective House and Senate transportation finance committees.
     "The House and Senate transportation policy committees deserve a great
 deal of credit and appreciation for recognizing the tremendous long-term
 transportation funding shortfall facing Minnesota and taking courageous action
 to provide a significant, long-term funding increase," said Fred Corrigan of
 the Minnesota Transportation Alliance.  "The votes and proposals in the
 committees were sincere and bipartisan, a clear indication of the importance
 of adequately funding transportation throughout the state.  We hope
 legislative leaders and the full Legislature will honor the work done by these
 committees and support a 100 percent dedication of the MVST to
 transportation."
     Corrigan noted that in the 2000 legislative session, Governor Ventura
 proposed dedicating 100 percent of MVST revenues to transportation funding.
 "Though Governor Ventura did not renew his proposal for the MVST dedication
 this year, we believe the governor would support such a dedication if approved
 by the Legislature," Corrigan said.
     Recent studies conducted by the St. Paul-based Transportation Policy
 Institute found that Minnesota's highways, bridges, local roads and transit
 systems face nearly $10 billion in unfunded repair, replacement and expansion
 needs over the next 10 years.  Approximately $6 billion of the documented
 funding needs are on the backbone state highway system alone.
     The Invest2000 Coalition is comprised of transportation funding
 organizations committed to securing a long-term, regionally balanced program
 for state highway and transportation investments, with significantly increased
 funding from stable, dedicated funding sources.
 
 SOURCE  Invest2000