Capital Partnerships
  A Nationally-Recognized Resource in Infrastructure Financing July 22, 2011  
 

Inside Transportation

 

From Capital Partnerships LLC

 

CONGRESS RUNNING OUT OF TIME TO PREVENT PARTIAL FAA SHUTDOWN

 

Congress has until midnight tonight to finally pass a clean extension of the FAA Reauthorization bill—a bill that has already been extended twenty times since 2007 without issue. Reauthorization of the bill ensures that aviation construction projects continue to run smoothly while keeping approximately 4,000 workers employed. $2.5 billion is hanging in the balance in construction projects is hanging in the balance and the government stands to lose $200 million per week in airline ticket taxes until the bill is resolved.

At issue, instead of a clean reauthorization bill as has been passed many times in the past, House Republicans have introduced measures that would eliminate subsidies for 13 rural airports and make it difficult for airline workers to unionize. As a consequence, Ohio may lose nearly $39 million in construction dollars. Alaska, Florida, Georgia, Illinois, New York, Oklahoma, and Texas would all lose more than $50 million each and California would lose more than $131 million. Moreover, workers in 35 states, including Ohio, would face furlough. Transportation Secretary Ray Hood remonstrates, “This is no way to run the best aviation system in the world… Congress needs to do its work.”

     
 
 

Capital Partnerships
We are a full service government relations firm specializing in infrastructure policy and financing. Providing individualized and creative service, we leverage a lifetime of high level relationships critical to client success.

For questions, additional information or to unsubscribe from this email, contact: cvineis@capital-partnerships.com

Columbus
4920 Riverside Drive
Columbus, OH 43220
(614) 538-0088
(614) 538-0099 FAX

Washington, D.C.
499 S. Capitol Street, #600
Washington, DC 20003

 
 

We find the money for your projects!   Over $1.5 billion in government funds secured.   www.capital-partnerships.com