by Kendall Miller, Public Involvement and Title VI Administrator
On Monday, April 8, 2013, Governor Bob McDonnell signed the Commonwealth of Virignia's Hsitoric Legislation, HB2313, into law, effective July 1, 2013. This followed the Wednesday, April 3, 2013, vote by the General Assembly to uphold the amendments proposed in Governor Bob McDonnell’s 2013 Transportation Reform package.
Known as “Virginia’s Road to the Future”, these reform measures provide a new road map for raising the billions of dollars needed to pay for transportation improvements across the Commonwealth, with a particular focus on Northern Virginia, and Hampton Roads.
The measures represent the first long-term transportation funding solution in Virginia in 27 years. It is expected to provide more than six billion dollars in transportation funding for the Commonwealth over the next five years, tying transportation funding to economic growth. Highlights include:
Reflecting on this historic vote, Governor McDonnell said, “Starting today, businesses in Virginia, and those we are recruiting around in the United States and around the world, will know that we have addressed for the long-term, the funding needs of our road and rail network after 27 years of gridlock.”
To read Governor McDonnell’s press release or to find out more about “Virginia’s Road to the Future” and to view their website, click here.
This plan will generate approximately $842 million annually statewide by FY 2018, or approximately $3.4 billion over the next five years for the Commonwealth’s transportation network. An additional $175 - $222 million will be generated annually for transportation projects in Hampton Roads through a dedicated gas tax and an increase in the regional sales tax. Click table for .pdf version.