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Governor proposes $60 million for GTIB as local governments request four times available funding
Summary
Janine Miller, GDOT director of planning and executive director of the State Road and Tollway Authority (SRTA), told the Transportation Appropriations Subcommittee that the governor's amended budget recommends a $60 million state general‑fund appropriation for the Georgia Transportation Infrastructure Bank (GTIB).
Janine Miller, GDOT director of planning and executive director of the State Road and Tollway Authority (SRTA), told the Transportation Appropriations Subcommittee that the governor's amended budget recommends a $60 million state general‑fund appropriation for the Georgia Transportation Infrastructure Bank (GTIB).
"The 60,000,000, if we were to have the success in the future we've had in the in the past, that leverage of $2.16,000,000 to $110,000,000,0.0 project value, we would be, able to unleash about $300,000,000 worth of projects for that state investment," Miller said, describing past leverage and the potential for larger local investments from a state infusion.
Why it matters: GTIB provides low‑interest loans and grants to local governments for transportation projects that local budgets or other…
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