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Maryland lawmakers hear bill to rebase and index state share of WMATA capital funding
Summary
Delegate Korman and Metro officials urged the House Appropriations Committee to rebase Maryland's dedicated capital funding for WMATA and index it to inflation so Maryland's contribution keeps pace with rising costs.
House Bill 467 would modify Maryland's dedicated capital contribution to the Washington Metropolitan Area Transit Authority (WMATA) by rebasing the state's share and applying a 3% growth adjustment and linkage to WMATA's operating subsidy formula, supporters said.
Delegate Korman told the House Appropriations Committee the 2018 agreement that created dedicated capital funding for Metro used a fixed $500 million regional capital target and a Maryland share of about $167 million; inflation and higher costs have eroded buying power. "That…
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