- Business & Development
On July 31, 2012, residents across the 10-county Atlanta region including Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, Henry and Rockdale counties, as well as the City of Atlanta have the opportunity to vote on a referendum that would fund $8.5 billion in transportation improvements through a regional one percent sales tax.
10 Facts about the Regional Transportation Referendum:
1. Low spending and high congestion: Georgia ranks 48th in the nation in transportation spending per capita, and ranks 4th in total hours the average commuter spends in on the road each day.
2. Little room for expansion: Without additional funding, about 70 percent of metro Atlanta's scheduled transportation dollars for the next 30 years will be spent on maintaining our current transportation network, leaving little room for expansion.
3. Congestion will increase as revenues decrease: Congestion will get worse as the region continues to grow by some three million more people in the next 25 years. Meanwhile, gas tax revenues will continue to decline as cars become more fuel-efficient.
4. Money stays here: All monies generated here by the 10-year, regional transportation referendum would stay in metro Atlanta and be invested in high-priority projects throughout our 10 counties, from interchange improvements at I-285 and GA 400, to road and safety improvements, to a new light rail line from the Lindbergh MARTA station to the Clifton Corridor.
5. Positive return on investment: The economic impact over time on the Atlanta region would be far greater than the 1996 Olympics. The referendum investment would result in a $34.8 billion increase in gross regional product in the Atlanta region by 2040. That's a 4-to-1 return on investment.
6. Job creation and retention: Some 200,000 jobs would be created or retained through the build-out of these new transportation projects. The positive economic effect equates to approximately 7,100 jobs each year from 2013 through 2040.
7. Business and workforce development opportunities: Policies for strong small business and minority contracting and workforce development efforts have been developed and adopted by key agencies responsible for the project build-out.
8. Cost savings to commuters: Commuters spend an average of $924 each year due to traffic congestion. Collectively, the time and fuel savings generated by referendum projects would allow residents to save $9.2 billion by 2040.
9. Decrease in travel delays: Travellers will enjoy a 24% average decrease in future travel delays on roadways improved through road widening, new construction and improved interchanges.
10. Air quality benefits: Air quality improvement would be equal to taking 72,000 vehicles off the roads daily.
For more information about this important topic, please visit http://www.metroatlantatransportationvote.com/