Transportation and Community Revitalization a Focus of Obama's 2014 Budget

In President Obama's newly released 2014 budget proposal, planners will find much to applaud. But what are the chances those nuggets will survive the contentious negotiations to come?

Jason Jordan explains some of the key planning-related proposals that comprise the President's wish list for new investment in infrastructure and community revitalization. Among the funding requests of note are a $200 million grant program targeted at building climate change resilience and "a new 'Project Rebuild' initiative that will focus on public-private land banking, grants, and loan subsidies to help communities hit hard by foreclosures and blight to revitalize neighborhoods."

"However," notes Jordan, "the budget also calls for significant cuts to EPA’s water infrastructure revolving loan funds and changes the tax code, including a cap on the tax-exemption for interest on municipal bonds and other tax deductions, which could increase local project costs."

Looking more closely at the transportation-related spending, Angie Schmitt finds, "a solidly progressive transportation budget that calls for increased overall spending and continued investment in passenger rail." While many of the goals will be of no surprise to anyone that's followed the President's public statements since his State of the Union address (and long before), "[t]he administration’s budget also demonstrates that the president has not abandoned his high-speed rail ambitions," with $40 billion proposed for passenger rail programs over five years. 

Full Story: Obama Budget Focuses on Infrastructure, Revitalization

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00