Give Communities Local Options To Pay
In order to keep up with today’s street and transit needs, communities must take advantage of a large mix of financing options from federal, state, and local sources. While many U.S. cities levy sales taxes and local user-based fees to build first-rate street and transit networks, Michigan’s communities only have one local option for raising money: property taxes.
Trans4M members feel strongly that Michigan’s outdated state laws should no longer hold local communities back. Local governments should be able to take advantage of voter-approved options like local registration fees, local user fees, and other common tools. More local options will allow Michigan to invest in the infrastructure needed to compete in a global marketplace.
Enhance Michigan’s Infrastructure Bank
Faced with declining revenues, Michigan’s transportation agencies need new financing tools that leverage both public and private investment to pay for transportation projects. The Michigan State Infrastructure Bank (I-Bank) is one of those tools, but right now, it’s underutilized. It doesn’t have the staff or capital support it needs to provide long-lasting outcomes for communities.
Trans4M members support efforts to make Michigan’s infrastructure bank more effective by giving it the capital and support it needs; and by ensuring that its dollars are focused on projects that preserve existing communities, provide a clear public benefit, and offer a higher return on investment.