More on LA 30/10

from:
http://t4america.org/blog/2010/08/17/la-residents-rally-for-transit-jobs-and-an-economic-boost-for-region/


LA residents rally for transit, jobs and an economic boost for region
August 17, 2010
By Ryan Wiggins

Thousands rallied last Friday at the Los Angeles City Hall in support of the jobs that could be created by a visionary program to fast track a slate of planned public transportation projects — if the federal government will do what’s necessary to help a metro area that’s helping itself.

At the rally, Transportation for America’s deputy director Lea Schuster stood shoulder-to-shoulder with prominent labor leaders and California lawmakers to tell Washington to help speed up the 30/10 Plan – a plan to build 12 major local transit projects in 10 years rather than 30. The plan would spur economic growth and protect the environment, create 166,000 jobs, ease congestion, and reduce air pollution and dependency on oil.


LA Labor Rally Denny: Lea Originally uploaded by Transportation for America to Flickr.

Move LA’s Denny Zane speaks at the podium, flanked on his right by T4 deputy director Lea Schuster, holding the Move LA banner touting the 30/10 plan for the LA metro area.

If Congress establishes the programs needed to move 30/10 forward, cities and regions around the country that have local transportation tax measures could receive up-front loans from the federal government to speed the construction of vital public transportation projects and programs. Fast-tracking the projects and speeding up the timetable would save millions in escalating material costs, while creating thousands of new jobs in the short run. Guaranteed and preapproved local tax revenues would then be used to repay the loans.

In the case of Los Angeles, voters approved a measure at the ballot box (Measure R) to tax themselves for 30 years to pay for transportation. Implementing 30/10 would allow them to get the money up front to build 12 projects over 10 years and pay back the loans over 30 years.