WTOP radio, 5/31/17:
Northern Va. transit panel: Metro, VRE bring $600M per year in tax
WASHINGTON — Metro and Virginia Railway Express add at least $600 million per year in tax revenue to Virginia’s state government, a new study focusing on the importance of transit to the region finds.
The Northern Virginia Transportation Commission’s preliminary High Capacity Transit Economic Impact Study comes as many on the commission are trying to convince lawmakers in Richmond and elsewhere that Metro needs millions in additional, dedicated funding to address long-deferred maintenance, repairs and upgrades.
“The objective of NVTC’s study is to quantify the value and worth that high-capacity transit modes (Metrorail and VRE) operating in Northern Virginia bring to the Commonwealth,” the authors said in a memo to NVTC commissioners.
Continue here.
