Transportation Investment Program - County Referendum - Authorization
Impact
The bill outlines that any transportation investment program put forth for referendum must include a list of projects, each costing at least $20 million. It envisions a structured approach to prioritize larger projects that can significantly impact transportation within a county. Additionally, the bill may include sources of revenue for financing these projects and allows the issuance of bonds specifically for this purpose. Once approved by a majority in a county, the transportation program would become law, which represents a notable shift towards local control over transportation projects.
Summary
House Bill 1080 proposes an amendment to the Maryland Constitution that authorizes the General Assembly to allow county referendums specifically for transportation investment programs. This bill aims to give local government the authority to present transportation projects to county voters, allowing the public to decide on significant projects with a minimum cost threshold. Such projects must be aimed at improving the transportation infrastructure within the respective counties, demonstrating a focus on local needs and priorities.
Contention
The proposal could lead to considerable debate regarding the funding and prioritization of transportation initiatives. Proponents of HB1080 argue that local voters should have a say in projects that directly affect them, enhancing community involvement and transparency. However, opponents may raise concerns about the potential for unequal access to funding among counties, as wealthier areas might more easily approve substantial projects while others struggle to match the financial needs. The requirement for projects to meet a minimum cost could also exclude smaller, yet necessary projects from consideration.
Constitutional amendment to rename the Budget Stabilization Fund to the Budget and Transportation Stabilization Trust and to provide for use of monies in the fund. (2/3s CA 13s 1 (A)) (EN SEE FISC NOTE SD RV See Note)
Provides for the creation of the Budget and Transportation Stabilization Trust from the Budget Stabilization Fund and provides for use of monies in the fund. (See Act) (EN SEE FISC NOTE SD RV See Note)