Senate passes bond bill including Green Line
Yesterday the Senate passed the Transportation Bond Bill, which includes authorization of $1.3 billion in state funding for the Green Line Extension. While that’s enough to cover the entire anticipated price tag of the project, the state is also submitting an application for federal New Starts funding, which might pay for over $500 million of the cost.
The bond bill doesn’t mean the money exists and is a sure thing. It’s more like the Green Line is now on an agreed-upon list of projects for which the state might borrow money someday. It’s better to be on the list than not!