Georgia Legislature Creates State Funding Mechanism for Funding in Capital Tasks – Administration

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As Georgia continues to be among the many finest states wherein to do enterprise, for-hire-ground-transportation charges afford Georgia one more recruitment device to align native and state monetary sources.

MARTA

The Georgia Legislature established a mechanism to yearly fund capital transit initiatives that help financial improvement priorities all through the state. The Georgia Senate unanimously handed HB 511, which establishes 9 Belief Funds to make sure that charges collected for a said function are spent on that function. This consists of the Georgia Transit Belief Fund, which is able to maintain the $.50/journey charges on for-hire-ground-transportation established by HB 105 final 12 months for the Governor and Legislature to applicable to capital transit initiatives.

“I wish to commend the bipartisan management of Home Speaker David Ralston and Dean Calvin Smyre, who’ve been engaged on state funding for transit initiatives for years,” mentioned MARTA GM/CEO Jeffrey Parker. “I additionally wish to applaud Governor Kemp for together with the Transit Belief Fund within the general invoice to codify the Fact in Belief Funds Constitutional Modification that Georgia voters overwhelmingly supported in November. We’re grateful for the Senate’s management unanimously approving this bipartisan measure right now.”

As Georgia continues to be among the many finest states wherein to do enterprise, for-hire-ground-transportation charges afford Georgia one more recruitment device to align native and state monetary sources to finest promote the state for financial improvement functions.

The Microsoft Campus funding is an instance of how the state and transit authorities can accomplice to make Georgia extra engaging to corporations looking for to make main investments right here. Transit was listed as a key consideration for Microsoft in selecting to put money into Georgia.  

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In working with Microsoft, MARTA has recognized $50 million in infrastructure enhancements to the Bankhead rail station together with elevated capability and entry, and potential transit-oriented improvement.

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