October 07, 2019

The Transportation Bond Bill: What Is It? What's In It?

The Baker Administration filed an $18 billion, five-year transportation bond bill on July 25th for consideration by the legislature later in this legislative session. H.4002, An Act Authorizing and Accelerating Transportation Investment, requests the authority to sell bonds to borrow money to fund the Commonwealth’s capital budget. The bill is noteworthy for its inclusion of new sources of revenue, a proposed telecommuting tax credit, and several policy measures. Among the policy provisions are modest proposals to address congestion, the state’s capacity to deliver capital projects, and climate resiliency and carbon emission reduction – issues MTF has raised as major impediments to transforming the state’s transportation system.