Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
3Activity
0 of .
Results for:
No results containing your search query
P. 1
Metro EPW Testimony 072413

Metro EPW Testimony 072413

Ratings: (0)|Views: 2,310 |Likes:
Published by sourcemetro
Metro CEO Art Leahy's testimony to U.S. Senate Committee on 7-24-13.
Metro CEO Art Leahy's testimony to U.S. Senate Committee on 7-24-13.

More info:

Published by: sourcemetro on Jul 24, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

07/30/2013

pdf

text

original

 
1
Testimony of Arthur T. LeahyChief Executive Officer Los Angeles County Metropolitan Transportation AuthorityOversight Hearing On Implementation of MAP-
21’s
TIFIA Program EnhancementsU.S. Senate Committee on Environment and Public WorksDirksen
 –
Room 406Wednesday - July 24, 2013
Thank you Chairman Boxer and Ranking Member Vitter for inviting the Los Angeles County Metropolitan Transportation Authority (Metro) to provide testimony at this timely hearingregarding the Transportation Infrastructure Finance andInnovation Act (TIFIA) program.Metro has enjoyed an outstanding working relationship withthis committee for many years
 –
owing to the remarkableleadership of Chairman Boxer and the bi-partisan spirit thathas driven this committee to adopt meaningful legislation
 –
 like MAP-21 and most recently the Water Resources
Development Act. In many ways, this committee’s record of 
 
2
achievement offers a welcome blueprint for the rest of theCongress.We are particularly pleased to testify today on the merits andbenefits of the TIFIA program. This federal program, whichprovides direct loans and potentially other forms of creditassistance for major infrastructure projects throughout thenation, has played and hopefully will continue to play animportant role in the expansion of mobility across Los Angeles County.In tandem with discussing the importance of the TIFIAprogram, I believe it is productive to recognize theimportance of non-federal investments in transportation -state, local, and private and how those funds are leveraged
 –
sometimes dramatically - by TIFIA loans.The voters of Los Angeles County have clearly elected, onthree separate occasions, to tax themselves to create moremobility for their families and their communities.
 
3
Starting in 1980, Los Angeles County voters chose tosupport a half-cent sales tax on retail sales to supporttransportation improvements. This was repeated in 1990with the passage of another sale tax measure.Most recently, in the middle of our recent economicdownturn, Los Angeles County residents
 –
by a two-thirdsmargin [67.9%]
 –
voted in November of 2008 to authorize anadditional half-cent sales tax, Measure R, to fund specifictransit and highway projects.Taken together, these three sales taxes represent thecommitment of Los Angeles County taxpayers to investapproximately $1.5 billion annually to improve our transportation system.

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->