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Keyword: revenues

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  • Why P3s can be a project delivery method worth the risk

    04/09/2018 12:45:30 PM PDT · by Tolerance Sucks Rocks · 9 replies
    ConstructionDIVE ^ | March 26, 2018 | Mary Tyler March
    Design-bid-build may still be the No. 1 project delivery method for U.S. construction, but other processes are rising that could challenge DBB’s stake in how some projects are carried out.One such arrangement, public-private partnerships (P3), is gaining steam with talks from Washington, D.C., about employing the method for President Donald Trump’s $1.3 trillion infrastructure spend. While more states and local entities are successfully turning to P3s to tackle major infrastructure overhauls and new projects, the method still runs up against a perception problem. Some elected officials are hesitant to employ P3s because they don’t want to let a private firm...
  • Wear: Money-making tollways a good thing in Austin, not for state leaders

    04/09/2018 11:13:04 AM PDT · by Tolerance Sucks Rocks · 23 replies
    The Austin American-Statesman ^ | April 1, 2018 | Ben Wear
    All you toll road haters, limber up your fingers for the flaming responses to this column.Because the toll road story here in Central Texas that I’m about to tell you, based on usage and revenue, is a good news story. The simple fact is that the nine toll roads here, other than the privately run section of Texas 130 south of Mustang Ridge, are being heavily used and are financially healthy.This is certainly not the uniform case around the country, where a number of toll roads in the past decade have gone bankrupt. In Central Texas, well over 1 million TxTags...
  • The Awful Republican Budget Is a Reminder That Federal Revenues Are Way Too High

    02/20/2018 9:05:48 AM PST · by SeekAndFind · 7 replies
    Forbes ^ | 02/20/2018 | John Tamny
    Eager to meet its target of 80,000 new soldiers without compromising quality, last fall the U.S. Army expanded its signing-bonus pool by hundreds of millions. Time will tell if the Army succeeds in its endeavor, but that’s arguably not the point. The point of the story is to remind readers that governments don’t tax and borrow dollars in order to stare lovingly at the money. Just as we civilians seek “money” for what it can be exchanged for, so do governments. The money they spend is an explicit sign of how much control they have over the economy. The more...
  • Leaders unsure of infrastructure impact on Valley

    02/15/2018 10:08:30 PM PST · by Tolerance Sucks Rocks · 4 replies
    The Waynesboro News Virginian ^ | February 12, 2018 | Bob Stuart
    WAYNESBORO — President Trump's national infrastructure plan announced Monday that calls for a $1.5 trillion investment in roads, bridges and the rest of America's crumbling infrastructure, provides for about $200 billion in federal funds. The remainder of dollars would have to come from state, local and private sources. For the Shenandoah Valley, the good infrastructure plan news includes funding to help with the maintenance backlog in the national parks, including Shenandoah National Park, where there is a $56 million maintenance backlog. However, a couple of local government officials and one of Virginia's U.S. senators interviewed expressed doubt about the trickle...
  • Construction begins on truck toll gantries (Rhode Island)

    02/14/2018 7:48:03 PM PST · by Tolerance Sucks Rocks · 27 replies
    ABC 6 News ^ | February 12, 2018 | Rebecca Turco
    PROVIDENCE, R.I. — Construction has begun on Rhode Island's new tractor trailer tolling system.The Rhode Island Department of Transportation (RIDOT) crews began installing the first two of 14 planned gantry locations by Exits 2 and 5 on Interstate 95.Lane closures are in effect through next week, then the contractor will test the new system for about a month. These gantries are expected to begin charging trucks by mid-March, once everything is working properly.The ongoing construction is not halting the plans of the Rhode Island Trucking Association (RITA) to sue the state. "It's discriminatory," said RITA President Chris Maxwell. You can't...
  • Montgomery County [MD] Bracing for Long-Term Revenue Decline [wealthy paying less taxes]

    12/12/2017 4:55:44 PM PST · by 11th_VA · 24 replies
    http://www.bethesdamagazine.com ^ | Dec 12, 2017 | By Andrew Metcalf
    Projected revenue decline attributed to wealthy individuals paying significantly less in income taxes; future job cuts not ruled out Montgomery County is revising its six-year revenue forecasts down by more than $400 million as income tax revenue lags behind previous projections. The lower long-term forecast comes after County Executive Ike Leggett called for 2 percent cuts at county departments to address a projected $120 million shortfall in the $5.4 billion fiscal 2018 operating budget. Leggett said he doesn’t believe county employees should worry about their job security “immediately,” however he did say potential job cuts may need to be considered...
  • Nafta Talks Have High Stakes for Two Texas Bridge Owners

    12/04/2017 10:49:56 PM PST · by Tolerance Sucks Rocks · 6 replies
    The New York Times ^ | November 23, 2017 | Natalie Kitroeff
    RIO GRANDE CITY, Tex. — Caught quite literally in the middle of the international debate over the way the United States trades with its southern neighbor are two Texans named Sam. Sam Vale and Sam Sparks Jr. own two bridges that stretch across the Rio Grande, connecting farmers on either side with markets on the other, and linking communities in South Texas and northern Mexico that sometimes meet in the middle. Major retailers and manufacturers are mobilizing to keep the deal alive and to protest rules that could make it more expensive to bring parts and products in from Mexico....
  • M6 Toll boss leaves company

    12/03/2017 7:09:47 PM PST · by Tolerance Sucks Rocks · 5 replies
    The Shropshire Star ^ | November 30, 2017 | Simon Penfold
    The boss of Midland Expressway, which runs the 27-mile M6 Toll motorway, has left the company. Andy Pearson took over as chief executive in the summer of 2015, replacing Tom Fanning who had led Midland Expressway for more than 14 years. Mr Pearson's departure comes six months after the UK's only pay-as-you-go motorway was bought by Australian investment group IFM. Although it has never been revealed what IFM paid, the loss-making motorway had been up for sale with a price tag of almost Ł2 billion. In a statement Midland Expressway said: "Andy Pearson was recruited to perform the role of...
  • Money for Arkansas River Bridge Is Fort Smith's Missing Link

    11/16/2017 4:54:55 AM PST · by Tolerance Sucks Rocks · 17 replies
    Arkansas Business ^ | November 13, 2017 | Marty Cook
    One of Arkansas’ top priorities is finishing Interstate 49 in the western part of the state. A key component of that massive project, which is also massively expensive, is a 13.7-mile stretch near Fort Smith that includes a bridge over the Arkansas River to connect Interstate 40 with Interstate 49, which would then run from south Fort Smith to northwest Arkansas and up through the midsection of the nation. The project’s completion would connect with a 6.5-mile stretch of Interstate 549 that opened in 2015 and hooks up U.S. 71 with Highway 22 in south Fort Smith. The proposed 13.7-mile...
  • Florida lost more than $45 million after tolls suspended during Hurricane Irma.

    10/10/2017 12:32:42 PM PDT · by Tolerance Sucks Rocks · 35 replies
    The Orlando Weekly ^ | September 23, 2017 | Jim Turner, the News Service of Florida
    More than $45 million in revenue is believed to have been lost when the state suspended highway toll collections to help speed evacuations and relief efforts for Hurricane Irma, Florida's Turnpike system estimates. However, the estimated $3 million-a-day impact is not expected to hinder operations of the system or ongoing work programs, “as impacts such as toll suspensions due to a hurricane are taken into consideration during the annual budgeting process,” turnpike spokesman Chad Huff said in an email Friday. Funding 404 full-time positions, the turnpike system is budgeted at $1.57 billion for the current fiscal year, which began July...
  • Lawmakers debate return of tolls to Connecticut’s highways

    04/26/2017 8:06:55 AM PDT · by Tolerance Sucks Rocks · 25 replies
    FOX 61 ^ | April 18, 2017 | Jenna DeAngelis and Jeevan Vittal
    HARTFORD – Toll talk is back at the State Capitol. Some lawmakers say it will drive billions into the state over the next two decades and others want to put the brakes on the idea.At a hearing, Monday, the proposal to bring electronic tolls to Connecticut highways was discussed, with public comment both for and against it.State accountants said the way Connecticut funds transportation will no longer be sustainable in the next four years and a new revenue source is needed.“This doesn't make any sense at all," State Sen. Toni Boucher said. "This is just another name for another tax...
  • Flush with highway cash, Texas still looking for toll options

    04/26/2017 5:16:58 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Houston Chronicle ^ | April 21, 2017 | Dug Begley
    Texas is spending record amounts on transportation, but lawmakers worried it is not enough are considering extending a controversial program that’s helped spread tollways through some of the state’s largest areas. A bill approved this week by a House committee would give the Texas Department of Transportation a chance to add six additional projects, including the widening of Interstate 45 north of I-10 and a long-planned Hempstead Tollway, meant to relieve traffic on U.S. 290 with the potential for a commuter rail corridor. The bill, by state Rep. Larry Phillips, R-Sherman, would also allow TxDOT or regional officials the chance...
  • Md.'s real transportation woes

    02/27/2017 7:34:58 AM PST · by Tolerance Sucks Rocks · 11 replies
    The Baltimore Sun ^ | January 31, 2017 | Brian Dolan, Maryland Asphalt Association
    The 2017 Maryland General Assembly session recently started with several issues receiving the majority of attention. We have all heard about both medical marijuana and Gov. Larry Hogan's "road kill bill." As someone who has spent a lifetime involved in the highway industry, I would like to share my thoughts on the latter topic ("Hogan's 'road kill bill' lie," Jan. 5).We have all noticed the severe deterioration in our highway system, be it local, state or interstate. There are many reasons for this and I will share them all with you. However, the overriding principle is that our roads are...
  • $100 million in annual toll fines put citizens on road to ‘toll bankruptcy’

    02/27/2017 5:19:00 AM PST · by Tolerance Sucks Rocks · 39 replies
    The Maryland Reporter ^ | February 7, 2017 | Dan Menefee
    Excessive penalties and poor customer service at the E-ZPass electronic toll collection system have put some Marylanders on the path to “toll bankruptcy,” Sen. Roger Manno told the Senate Finance Committee last week.“Folks [are] exasperated because they’ve been caught in a system that is not working,” Manno said.Broad enforcement powers enacted in 2013 to address toll violations have led to wage attachments, financial hardship and non-renewal of vehicle registrations at MVA, witnesses testified. Sen. Roger Manno “The penalty structure that we set several years ago in the General Assembly was not intended to be punitive,” Manno said. “It was not...
  • Brownback Asks Trump To Save Some Kansas Highway Projects

    02/19/2017 11:10:43 PM PST · by Tolerance Sucks Rocks · 27 replies
    KCUR 89.3 ^ | January 26, 2017 | Jim McLean & Sam Zeff
    Kansas Republican Gov. Sam Brownback is hoping the federal government can rescue several critical infrastructure projects that the state can no longer afford.The Brownback administration recently sent what amounts to a wish list to President Donald Trump for inclusion in his planned infrastructure initiative. It includes the following $240 million in highway and bridge projects delayed or abandoned because of the state’s ongoing budget problems: $50 million to replace a section of the Lewis and Clark Viaduct that carries Interstate 70 across the Kansas River between Kansas and Missouri.$91 million to build an I-235 interchange in Wichita.$45 million to reconstruct...
  • I-66 tolls a good idea for Northern Virginia

    01/05/2017 8:00:41 AM PST · by Tolerance Sucks Rocks · 18 replies
    The Fairfax County Times ^ | December 19, 2016 | Patrick Rhode
    Dear Editor, As states and municipalities around the nation struggle to find ways to afford much-needed improvements to aging and congested roadways, the Commonwealth of Virginia has established itself as an innovative leader when it comes to carefully prioritizing the state’s transportation investments and wisely leveraging private sector resources to ensure the best deal for state taxpayers. The I-66 Outside the Beltway project exemplifies this leadership, and Cintra, together with its partner Meridiam, is proud to be part of the team selected by the Commonwealth to finance, design, build, operate and maintain this more than $3 billion transformative project at...
  • Aubrey Layne: Trump's infrastructure plan is no magic bullet

    01/05/2017 7:16:37 AM PST · by Tolerance Sucks Rocks · 9 replies
    The Virginian-Pilot ^ | December 30, 2016 | Aubrey Lane
    PRESIDENT-ELECT Donald Trump has proposed a $1 trillion plan to fix America’s infrastructure. It relies on public-private partnerships as its primary source of financing. Our country’s complex transportation network needs an overhaul, but private investment is not the answer, mainly because of the returns that investors expect. Public-private partnerships can be an excellent procurement tool, but selecting the right project is key. Virginia has been a national leader in such deals since the General Assembly passed the Public Private Partnership Act in 1995. The law was designed for the partnerships to be used as an option for certain projects if...
  • Trump's pledge to boost infrastructure could aid mid-Hudson

    12/08/2016 12:56:52 PM PST · by Tolerance Sucks Rocks · 17 replies
    The Middletown Times Herald-Record ^ | November 21, 2016 | James Nani
    County leaders are hopeful that the $1 trillion infrastructure investment promised by Republican president-elect Donald Trump will have a big impact on the region. Trump has promised to prioritize infrastructure spending in his first 100 days in office. The move is one that Democrats, now in minority positions in both houses of Congress, have said they're willing to support. The plan, which is not yet fully fleshed out, looks to rely heavily on billions of dollars of infrastructure tax credits to private entities. And while Federal Reserve Board Chair Janet Yellen warned recently that weighing down the national debt with...
  • Larson’s tunnels: Big plan, even bigger challenge

    11/27/2016 8:28:10 PM PST · by Tolerance Sucks Rocks · 51 replies
    The Connecticut Mirror ^ | November 15, 2016 | Tom Condon
    Not everyone is thrilled with U.S. Rep. John Larson’s proposal to build massive highway tunnels under Hartford, but Daniel Burnham might be, were he still with us. It was Burnham, the great Chicago architect and planner, who said, “Make no little plans. They have no magic to stir men’s blood and probably will not themselves be realized.”Larson’s is anything but a little plan; it is breathtaking in scope. It has stirred the blood of some public officials and business leaders. But the concept is so vast, complex and potentially expensive – it would be longer than Boston’s “Big Dig” tunnels...
  • Who’s Going to Pay for Trump’s Huge Infrastructure Plans?

    11/20/2016 10:02:22 PM PST · by Tolerance Sucks Rocks · 81 replies
    The Fiscal Times ^ | November 14, 2016 | Mark Joffe
    A rare point of agreement between President-Elect Trump and Congressional Democrats is that America has an infrastructure deficit: The nation’s transportation, power, water and sewerage facilities are too often outdated and unable to reliably serve a growing population. But while the diagnosis crosses party lines, solutions are more controversial. Democrats may not be too worried about the recent increase in federal deficits, but Republicans who have made an issue of the national debt will be reluctant to produce more red ink. Likewise, tax increases to pay for new federal construction spending are off the table under Trump and a Republican-controlled...