Voters Demonstrate Overwhelming Support for Transportation Investment

Voters in 20 states approved more than 80 percent of 215 transportation investment ballot measures Nov. 7, mostly at the local level, according to analysis conducted by the American Road & Transportation Builders Association’s Transportation Investment Advocacy Center™ (ARTBA-TIAC). Preliminary results show voters approved 176 of the 215 measures, or 82 percent. Results are still pending in six Michigan localities. The approved measures will support $2.9 billion in new transportation investment revenue and $1.3 billion in continued funding through tax extensions or renewals. The timing of the market impact of these actions is difficult to project as revenue approved will last as long as 25 years. Maine voters approved the only statewide measure—a $105 million transportation infrastructure bond— with 72 percent support. This was the state’s fifth successful transportation bond in six years.


Source: AJOT

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.