The Healey administration has announced it is doling out $100M in transportation infrastructure funds to all of the state’s cities and towns resulting from revenue generated by the Fair Share Amendment (aka, Millionaire’s Tax) approved by voters about a year ago. The state added a 4% surtax on income above $1 million annually.
Natick’s share is $447,180 based on a couple of state formulas, one based on a combination of local road mileage, population, and employment, and the other based on each municipality’s share of road mileage. Some communities, such as Boston, Newton, and Springfield score more than $1M.
According to the Healey administration, “Communities may use Fair Share revenue for construction, preservation, and improvement projects that create or extend the life of capital facilities. This includes costs for highway projects and pedestrian and bicycle facilities. Projects that are eligible would include installing sidewalks, bicycle lanes, new pavement, sidewalks, retaining walks, crossing signals, and other transportation infrastructure features.”
Natick has seemingly countless transportation improvement efforts underway or on the drawing board to update old infrastructure and support new housing and other construction projects in town that will increase population density. As seen during this week’s storm and roadway flooding, there are plenty of opportunities for improvement to mitigate hazards.