Trial2
-
Upload
communityresearch -
Category
Business
-
view
120 -
download
0
Transcript of Trial2
![Page 1: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/1.jpg)
Grassroots Discussion of Maryland
Environmental Priorities
December 18, 2008
Anacostia Watershed Society, Audubon Naturalist Society,
Coalition for Smarter Growth, Community Research, and Sierra Club
![Page 2: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/2.jpg)
Four Environmental Priorities
• Defund the Intercounty Connector
• Pass a Global Warming Solutions Act
• Pass a Smart Growth Package
• Green the Budget and Protect Essential Programs
![Page 3: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/3.jpg)
General AssemblyNuts and Bolts
![Page 4: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/4.jpg)
Key Dates in the 2009 Session
January 14 The 2009 General session opens.
January 26 Environmental Legislative Kickoff (5:00)
April 13 The 2009 General Session adjourns.
Every Monday night is Lobby Night if you make it one.
Every day is Lobby Day…. If you want it to be.
![Page 5: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/5.jpg)
Each district has….
• Three delegates and
• One senator
• Do you know who represents you?
If not, visit: www.congress.org
![Page 6: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/6.jpg)
Maryland has:
47 Senators
141 Delegates
![Page 7: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/7.jpg)
Defunding the ICC
• Liberates more than $2 billion, and possibly more than $3 billion, for better projects and programs.
• Prohibits new debt for the ICC.
• Prohibits transfers from the General Fund and the Transportation Trust Fund.
![Page 8: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/8.jpg)
The ICC
• Has been highlighted by national environmental and taxpayer groups as one of the most damaging and wasteful projects in the country.
• Was rejected twice by federal agencies, under the Reagan and Clinton administrations.
• But was fast-tracked by George Bush and Bob Ehrlich.
![Page 9: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/9.jpg)
$3+ Billion, No Relief
• Three agency studies in 10 years predict that this $3+ billion toll road would provide little or no relief on I-95, I-495, I-270, or numerous major commuter routes.
• Traffic would increase slightly on segments I-95, I-495 and I-270.
• Most congested roads would remain congested.
• The ICC would have no net impact on the total number of accidents or on the average auto commute time in the ICC Study Area.
![Page 10: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/10.jpg)
What is the True Direct Cost of the ICC?
Principal Cost: $2.4 billion (but this estimate is more than four years old)
Interest on $2 billion debt: Unknown, but …….
Interest on the GARVEE debt: $200 million to $250 million
Interest on toll revenue debt: $600 million to $1.2 billion
Total Cost: $3.2 billion to $4 billion
Plus significant fiscal, economic, environmental, public health and opportunity costs.
![Page 11: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/11.jpg)
How is the ICC Financed? Through Massive Public Debt
• Roughly 85 percent or more of the ICC’s total cost is debt-financed.
• $750 million in GARVEE debt – plus interest – to be repaid in 14 years from hoped for future federal transportation funds.
• $1.2 billion in toll revenue debt – plus interest – to be repaid from tolls facilities statewide.
![Page 12: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/12.jpg)
The ICC Threatens Non-Transportation Priorities
• Maryland’s General Fund generally pays for education, health, public safety, libraries, environmental protection and other programs.
• On October 15, the Board of Public Works cut $348 million and more than 800 positions.
• Even so, Maryland faces a General Fund shortfall of $1.9 billion in FY 2009 and FY 2010.
• Governor O’Malley is furloughing state workers and more painful cuts may be on the way.
![Page 13: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/13.jpg)
Soaring Oil Prices Hammer the Economy and Affect Transportation Revenues
Twenty-Two Years of U.S. Oil PricesCushing, Oklahoma
January 1986 - September 2008
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
1/2/19861/2/19881/2/19901/2/19921/2/19941/2/19961/2/19981/2/20001/2/20021/2/20041/2/20061/2/2008
Years
Dollars Per Barrel
![Page 14: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/14.jpg)
The ICC Takes a Heavy Toll on Commuters
Tolls on the ICC are estimated to be 20 cents per mile (ICC Final EIS)
More than $7.50 for a full round trip….
Or nearly $2000 per year for a commuter.
Who can afford that?
![Page 15: Trial2](https://reader034.fdocuments.net/reader034/viewer/2022052619/55688c6cd8b42a823d8b525b/html5/thumbnails/15.jpg)