NVTC Applauds Virginia General Assembly for Passage of Dedicated Metro Funding Legislation
March 12, 2018 - On Saturday, March 10, the Virginia General Assembly approved bipartisan legislation providing $154 million in annual new, sustainable and dedicated funding to support Virginia’s share of Metro’s $500 million in annual capital funding requirements while also implementing necessary Metro governance, operations and funding reforms that will ensure a well-maintained, safe and reliable Metro system moving forward. SB 856, sponsored by Senator Dick Saslaw, and HB 1539, sponsored by Delegate Tim Hugo, are now headed to Governor Ralph Northam for his review and action.
“Metro is a critical asset in maintaining and growing the workforce and economic vitality of our region and a priority for the region’s technology and business community. During the 2018 General Assembly session, NVTC joined with other regional business organizations in advocating for passage of legislation to provide $154 million in dedicated funding to meet Virginia’s share of $500 million in annual capital funding requirements and to implement necessary and important long-term structural reforms related to governance, operations and funding,” shared NVTC President and CEO Bobbie Kilberg.
“NVTC is grateful to Governor Ralph Northam, Speaker Kirk Cox and all of the other legislative leaders who have made this bill a priority and supported its passage. NVTC appreciates the leadership of Senator Dick Saslaw and Delegate Tim Hugo in sponsoring the legislation and also of the legislative leaders who joined them in finding compromise including bill conferees Senators Tommy Norment and Frank Wagner and Delegates Chris Peace and Rip Sullivan. We also are appreciative of NVTC’s business coalition partners, including the Northern Virginia Transportation Coalition and the Northern Virginia Chamber of Commerce, for their leadership, coordination and partnership on this effort which enabled the business community to speak with one voice. We are hopeful Maryland and Washington, D.C will act quickly to provide for their respective share of funding commitments to ensure Metro has the funding and reforms in place necessary to operate safely and dependably,” added Kilberg.