Last week we talked about business & labor leaders in California proposing an increase in fees and taxes to generate $6 billion for road funding. This week the California Economic Summit’s Infrastructure action team suggested transportation governance overhaul including:
- “Creating additional regional financing authorities authorized to build and maintain transportation and goods movement projects—and to enter into public-private partnerships to fund these projects, conduct environmental analysis on a regional scale, and tap new user-generated revenue streams to support the investments.
- Expanding the authority of new Enhanced Infrastructure Financing Districts (EIFDs) to invest in state roads and highways, railroads, and ports. While state law prohibits this type of investment today, lawmakers should reconsider these restrictions—and allow more communities to use EIFDs to support road and goods movement projects by tapping local resources and revenues generated from the increasing value of the land.”