The state Senate has passed a $1.5 billion Transportation Bond Bill that would provide longterm stability to Chapter 90 funding for municipalities while saving state taxpayers $518 million. The legislation contains $21.4 million in potential projects for the town.
The bill authorizes transportation and infrastructure spending over the next five years. Before it becomes law, it must pass a joint House and Senate conference committee as well as be signed by the governor.
The legislation, which came through the Senate Committee on Bonding, Capital Expenditures, and State Assets chaired by Sen. Brian A. Joyce, will authorize $1.5 billion for cities and towns over the next five years for local road and bridge projects, enact reforms and decrease the borrowing period from 30 years to 20 years.
“This bill will give our municipalities the long term stability and flexibility they need to undertake critical improvements and repairs to local roads and bridges,” said Joyce. “The bill also de-authorizes $2 billion in stalled bonding projects and carefully considers the state’s debt cap and the impact of investments on future generations.”
State assistance for road and bridge projects in Milton would equal $4.66 million over the next five years, which is a 50 percent increase over the current year’s appropriation. The legislation also contains a $21.4 million spending authorization for the town.
The authorizations are broken down into four parts: $10 million for design, road reconstruction, aesthetic improvements, signalization, sidewalks and safety improvements on Granite Avenue from Adams Street to the Boston line; $10 million for completion of road, sidewalk, aesthetic improvements and pedestrian and bicyclist safety measures to the Blue Hills Parkway; $1.25 million for drainage, roadway improvements, design, road reconstruction, aesthetic improvements, signalization, sidewalks, and safety improvements for Route 28 from Randolph Avenue to Blue Hills Parkway; and $200,000 for the implementation of additional opticon monitors on intersections and fire trucks.