Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • HDFC Defence Fund caps SIP, STP at Rs 25,000: What SIP limit means for you
    • Axis MF launches Nifty Capital Markets Index Fund
    • Global equity funds attract inflows for sixth week on earnings optimism
    • HDFC MF caps SIPs in defence fund from today; limits STP to ₹25,000 monthly
    • 3 ETFs to consider in a Stocks and Shares ISA for passive income!
    • First-time investing? Discover the benefits of ETFs in a Tax-Free Savings Account
    • How mutual fund-based portfolio management services work
    • Is a dip based SIP top up strategy better than a regular SIP approach?
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Alabama lawmaker pushes funds for public transportation to curb low labor rate
    Funds

    Alabama lawmaker pushes funds for public transportation to curb low labor rate

    October 14, 2024


    Alabama Sen. Linda Coleman-Madison, D-Birmingham, recently filed a bill to establish a new funding mechanism to fund public transportation in the state, a measure that she says is necessary to improve the state’s low labor participation rate.

    “With all the focus and emphasis on workforce development, it is really important that people have access to the jobs that we are trying to create for them,” Coleman-Madison told Alabama Daily News Oct. 11.

    Alabama is routinely ranked among the bottom of states in terms of its available public transportation. The Alabama Public Transportation Fund was established by the Legislature in 2018, but to date, lawmakers have yet to allocate any money toward it.

    Coleman-Madison is hoping to change that.

    “Counties would also have the option to opt-out if they choose not to participate, however, to me, it would be kind of dollar-foolish looking at the fact that everybody is trying to develop economically,” she said.

    “We can rebuild our cities, we can rebuild (the) safe, accessible community square.”

    The bill, Senate Bill 11, would introduce an additional $5 charge to annual license tax and registration fees for motor vehicles. A fiscal note attached to a previous version of the bill estimates that the new charge would generate $26 million annually for the state. The legislation in the 2024 session didn’t advance out of a committee.

    However, it’s the generous federal match for public transportation investments, Coleman-Madison said, that would make her bill impactful.

    “If we can use this as a leverage to pull down federal dollars, which is usually about a four-to-one match, we will be able to create synergy where local governments create a transit system, but you’ve got to have some seed money to start it,” she said.

    Potential

    Alabama’s labor participation rate was 57.5% in August, among the lowest rates in the country. State lawmakers last year established a commission to investigate the root causes of the state’s low labor participation rate. A lack of reliable transportation was one of the key findings.

    Dev Wakeley, worker policy advocate for Alabama Arise, a nonprofit organization that promotes policies that benefit low-income Alabamians, concurred that the four-to-one federal match generally seen in state investments toward public transportation could have a major impact in improving the state’s labor participation rate.

    “State investment here could bring down more federal money, and if you’re talking about a good return on investment, you can’t really get much better than the four-to-one capital matching rate for federal funds,” Wakeley told ADN Friday.

    Investing in public transportation has been among the chief policy positions of Alabama Arise, which argues that investing in it, beyond helping to improve the state’s low labor participation rate, is also a measure to help the state’s most marginalized communities.

    “Investing in public transit is one of the best ways to enable people to really participate in public life, whether that means going to the doctor, whether that means going to vote, whether that means just being able to get out of the house and see their friends,” Wakeley said.

    The 2025 legislative session starts Feb. 4.


    EDITOR’S NOTE — This story was written by Alexander Willis and originally published by Alabama Daily News. It is reprinted with permission.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Global equity funds attract inflows for sixth week on earnings optimism

    May 4, 2026

    5 Best Closed-End Funds for 2026 | Investing

    May 2, 2026

    Small cap funds jump up to 20% in April; should investors expect more gains?

    May 2, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Global equity funds attract inflows for sixth week on earnings optimism

    May 4, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    HDFC Defence Fund caps SIP, STP at Rs 25,000: What SIP limit means for you

    May 4, 2026

    HDFC Mutual Fund has introduced fresh investment restrictions in its sector-focused HDFC Defence Fund, capping…

    Axis MF launches Nifty Capital Markets Index Fund

    May 4, 2026

    Global equity funds attract inflows for sixth week on earnings optimism

    May 4, 2026

    HDFC MF caps SIPs in defence fund from today; limits STP to ₹25,000 monthly

    May 4, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited

    June 30, 2025

    Exclusive | Hong Kong to fire up IT fund to lure more co-investors for start-ups

    October 13, 2024

    Investing Website Isn’t An Investment Adviser, Court Says

    August 16, 2024
    Our Picks

    HDFC Defence Fund caps SIP, STP at Rs 25,000: What SIP limit means for you

    May 4, 2026

    Axis MF launches Nifty Capital Markets Index Fund

    May 4, 2026

    Global equity funds attract inflows for sixth week on earnings optimism

    May 4, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.