Investments in transportation infrastructure provide greater productivity and improved quality of life for all Floridians. Over the next 25 years, the cost of the unmet needs in the state’s transportation system is expected to reach $131.2 billion and would affect every part of every Floridian’s daily life from productivity to safety to access to high-paying jobs.
A new report by Florida TaxWatch finds that Florida needs to make investments in the state’s transportation infrastructure to keep pace with the influx of residents and visitors. Florida has gotten a lot of mileage out of its system but failing to act now to improve the state’s transportation infrastructure will damage our next generation’s ability to sustain high-paying jobs and maintain a vibrant Sunshine State.
“Twenty-five years ago, Florida TaxWatch research took aim at improving the state’s transportation infrastructure and that research played a role in heightened legislative attention to this critical area. It is time to do it again,” said Florida TaxWatch President and CEO Dominic M. Calabro. “By identifying the issues that need to be addressed and informing the Legislature of the benefits that investment in Florida’s transportation infrastructure can bring, we can make the state’s transportation system the best in the country and ensure that the Sunshine State remains the best place in the nation to work and live.”
Investing in the state’s transportation system will contribute to the overall well-being of our state. Not only does the existence of a good system help citizens, tourists, and businesses, it improves the state economy by creating jobs, improving transportation efficiency and cutting transportation costs for businesses and residents alike.
Read the report here.
The previous reports cited from 25 years ago include “The Cost of Not Acting: The Economic Impact of Implementing Concurrency without Funding Transportation” and “Paving the Way: Funding Transportation in Florida.”