We have received a summary of a soon-to-be-introduced bill – the Investing in a New Vision for the Environment and Surface Transportation (INVEST) in America Act. Among other provisions, the bill would dedicate $19 billion, over five years, in Local Aid. And, it would enact reforms to enhance State-Local coordination in order to ‘improve the flow of funds’ to local units of all sizes. Also included in the proposal is $250 million for complete streets.
The total package would authorize $1.5 trillion over five years – an average of $300 billion a year, with some of the funding front-loaded in the Federal government’s upcoming (FY 2021) Fiscal Year. That would make available to states, municipalities, tribal governments, U.S. territories, and transit agencies $83.1 billion in FY ’21 for COVID Response and Recovery. An additional $22 billion would be made available, beginning on October 1, in capital support to compensate for lost revenues.
For further information on the proposal, see our INVEST in America Town Crier blogpost.
Please contact your Congress Member and Senators Menendez and Booker in support of a strong investment in your local infrastructure.
Contact: Jon Moran, Senior Legislative Analyst, email@example.com, 609-695-3481 x121.