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Macroeconomic Forecasting for Atlanta

EDR Group provided technical advisory services to the Atlanta Regional Commisson in support and review of macroeconomic impact forecasting of the Atlanta metro region under the proposed list of road and transit investments under the Transportation Investment Act (TIA). Currently, Metro Atlanta faces a transportation funding crisis, and 70% of the region's transportation spending will be used to maintain the existing roads and systems over the next 30 years. 

Funding the TIA will require an increase to the existing sales tax of 1 cent for 10 years to raise the estimated $8.5 billion to fund new transit (52%) and new road (48%) improvements/projects.  This is the topic of the July 31, 2012 regional transportation referendum.  The macroanalysis considered congestion reduction benefits from the projects, the tax burden, and the construction stimulus. The net result showed a cumulative gross regional product gain through 2040 for the 10-county region worth $34b from the $8.5 billion project investment.

Atlanta Journal-Constitution Article

New York Times Article

 

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