March 3, 2020 11:29am
Infrastructure funding legislation filed in the General Assembly
Legislation to increase funding for infrastructure projects and roads and modernize how road funding is allocated throughout the state has been filed in the General Assembly. Representative Sal Santoro filed House Bill 580, which would increase the gas tax and other revenue streams to provide the necessary funding to begin the long-awaited process of rebuilding the Commonwealth’s crumbling infrastructure. Analysis of the legislation estimates that it would generate an additional $480 million per year for infrastructure investment.
The bill would also update the formula used by the state to allocate road funds to cities and counties to ensure that urban areas throughout Kentucky receive their fare share of infrastructure funding. This pro-growth legislation would help protect greater Louisville’s status as a world-renowned logistics and manufacturing hub and support GLI’s efforts to attract new businesses to the region.
Increased funding for infrastructure and roads has been a major GLI priority for years now – and for good reason:
- The American Society of Civil Engineers (ASCE) gave Kentucky’s infrastructure a C-
- ASCE gave Kentucky’s roads a D+ and our bridges a C-
- The Kentucky Transportation Cabinet (KYTC) has identified $6 billion in unfunded construction projects
- KYTC estimates that the Commonwealth needs an estimated $490 million more per year in infrastructure funding to address Kentucky’s needs
- Kentucky’s toll credits – which have been used to match federal funds and grants – are set to expire
- More than 1,500 bridges in Kentucky are considered “deficient,” while more than 3,000 are “functionally obsolete”
- Within the Louisville area, the condition of almost 50 percent of roads is poor or mediocre
- Poor road conditions cost Kentucky motorists $4 billion per year
- Drivers in the Louisville area waste 43 hours per year in congestion – more than any other urban area in Kentucky
As a major logistics and manufacturing region that is within a day’s drive of two-thirds of the U.S. population, it is vital to greater Louisville’s economic future that the General Assembly increase funding for infrastructure and roads by taking action on House Bill 580.