Press release from the Transportation Coalition of Tennessee; January 20, 2015:
NASHVILLE, Tenn. – The report released by the Tennessee Comptroller of the Treasury today regarding challenges and options for transportation funding is timely and insightful. We should all recognize that we are at a crossroads in terms of our transportation infrastructure. Do we make the investment that will enable our state to meet the demands of the future?
We know good transportation infrastructure means safer roads and bridges for our residents and visitors. We know good transportation infrastructure is a key driver in economic development.
This may well be one of the most critical issues being faced by our state leaders this year. The comptroller’s report accurately notes that “Tennessee’s fuel taxes are not expected to be sufficient to maintain existing infrastructure and meet long-term transportation demands.” The state Department of Transportation has already identified more than $8 billion in projects that are backlogged due to lack of funding, and have stopped engineering work on new construction.
Members of the coalition are looking forward to working with our state leaders to identify possible solutions for this problem.
ABOUT THE TRANSPORTATION COALITION OF TENNESSEE
The Transportation Coalition of Tennessee was created to educate the public and state legislators as it seeks an increase and reform in Tennessee’s transportation fees. The coalition aims to recruit other interested parties to join in seeking a comprehensive funding solution to maintain and expand Tennessee’s critical transportation system.
Participants in the Transportation Coalition of Tennessee include businesses, citizens, community leaders, public officials and organizations that are interested in continuing Tennessee’s transportation infrastructure for the long haul.
The Transportation Coalition steering committee includes representatives from the Tennessee Infrastructure Alliance, Auto Club Group/AAA Tennessee, Tennessee Public Transportation Association, Tennessee Trucking Association, Tennessee County Highway Officials Association, Tennessee Municipal League, American Council of Engineering Companies of Tennessee and Tennessee Road Builders Association.
Tennessee is a pay-as-you-go state, with transportation projects funded primarily by state and federal fuel tax revenues. The dollars are apportioned for state and local projects, which include maintenance, repair and new construction.
For more information or to join the Transportation Coalition of Tennessee, visit the website at www.TransportationCoalitionTN. org.
A full copy of the comptroller’s report can be found at http://www.comptroller.tn.gov/ repository/RE/Transportation% 20Report%20Final.pdf.