Saturday, March 12, 2011

LA Mayor Villaraigosa Discusses America Fast Forward At Jobs Summit

cross posted from

by Dave Johnson, 3/10/11

"...Antonio Villaraigosa, Mayor of Los Angeles, talked today at the Summit On Jobs and America's Future in Washington D.C. Villaraigosa described the bipartisan America Fast Forward initiative from the National Conference of Mayors. The America Fast Forward initiative is based on Villaraigosa’s 30/10 initiative for public transportation construction projects in Los Angeles.

"According to the LA Daily News:

America Fast Forward includes increasing annual funding for the Transportation Infrastructure Finance and Innovation Act; increasing the maximum percentage of the funding allotment that the act can finance; permitting the U.S. Department of Transportation to approve multiple related projects at the same time; allowing the department to grant up-front credits to projects and authorizing the department to lock in interest rates for approved projects.

Villaraigosa said the plan would generate $158 billion in total economic output focused in the construction and technical industries while generating $10.6 billion in new federal tax revenue and another $5.8 billion in state tax revenue."

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