News and Views

Showing Results for tag: funding-model

 

Northern Virginia/Hampton Roads Funding Model: Time for Replication

Prior to the passage of HB 2313, Northern Virginia and Hampton Roads recognized the proposed state funding for transportation would not meet the demand for improvements in their areas. Legislators took it upon themselves to fix this problem by adding language to the bill, which allocated specific funding for both areas.

HB 2313 included a slight increase in the local sales tax in Northern Virginia and Hampton Roads, with revenues committed solely to transportation improvements. The result: Hundreds of millions of dollars annually are pouring into Northern Virginia and Hampton Roads to advance transportation improvements.

Read More