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Public hearing: stakeholders urge Legislature to fund preservation, ferries and paving in governor’s $16.8B transportation plan
Summary
Office of Financial Management staff outlined a $16.8 billion transportation supplemental that relies on targeted bonding; local governments, industry and ferry communities largely supported the plan and urged added preservation and vessel funding during public testimony.
Megan Cotton and Eric Hansen of the governor’s Office of Financial Management briefed the House Transportation Committee on Jan. 30 about the governor’s supplemental transportation proposal and answered members’ questions as a large group of stakeholders testified in a public hearing.
The package: OFM described a $16.8 billion transportation package that focuses on preservation, maintenance and ferries. Hansen said the governor proposes bonding roughly $3.1 billion of transportation revenues (out of an estimated $5.3 billion capacity) rather than using the full available capacity. “We are not bonding paving, we are not bonding things that are not eligible for that type of financial instrument,” Hansen said.
Major allocations the…
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