TRANSPORTATION FUNDING
The state needs it now
The Legislature has now completed the second week of its 2008 session and should be applauded for its excellent work in the past 10 days.
The Legislature has adopted a transportation funding plan that includes a moderate increase in the gas tax and license tab fees on luxury vehicles, as well as bonding to accelerate major projects throughout the state, and additional dollars for investment in transit.
This transportation funding bill is a compromise and reflects the legislative process at its best. This compromise has the support of not only the Itasca Project and its 45 CEOs of the state's largest companies, but it has the support of virtually all of the state's major business and trade organizations.
We understand and respect Gov. Tim Pawlenty's philosophical views and his opposition to any tax increases. However, the Itasca Project participants and the Minnesota business community leaders recognize the need to invest in and maintain our state's vital transportation infrastructure. We see daily how growing congestion makes it increasingly difficult to move products in our state's economy.
Few would dispute that our state is significantly behind in funding transportation: The list of needs and associated costs grows longer each year. The price tag is too great to solve all of our transportation needs in one legislative session or transportation bill.
But it is imperative that progress is made during the 2008 legislative session by this transportation funding bill being adopted into law. This proposal may seem very large and very costly, but it is actually quite moderate compared to the needs that have been shown to be necessary by the Minnesota Department of Transportation.
Minnesota cannot wait any longer to address what is critical to the economic competitiveness and quality of life of our state.
JIM CAMPBELL, MINNEAPOLIS, COCHAIR OF THE ITASCA PROJECT AND THE RETIRED CEO OF WELLS FARGO BANK, MINNESOTA REGION; AND Mary Brainerd, Minneapolis, cochair of the Itasca Project