Tarr and Kassner Announce Additional State Transportation Infrastructure Funding
Ipswich will receive $124,084, Newbury will receive $88,083, and Rowley will receive $71,306 in additional funding assistance for FY24
IPSWICH, NEWBURY, ROWLEY – Senate Minority Leader Bruce E. Tarr (R- Gloucester) and Representative Kristin Kassner (D – Hamilton ) are pleased to announce that the town of Ipswich will receive $124,084 in additional funding in Fiscal Year 2024 (FY24) as part of a state plan to distribute $100 million in grants to assist 351 cities and towns with their transportation infrastructure needs. The awards come from revenue generated by the Fair Share Amendment.
“Projects such as paving streets, securing the structural soundness of bridges, building safe sidewalks, and others, are important priorities for cities and towns, and they need and deserve state partnership,” said Tarr. “These grants of additional resources confirm once again that the legislature also prioritizes and supports them when the opportunity presents.”
The new round of transportation infrastructure funding was authorized by the Legislature through a line item inserted into the Fiscal Year 2024 state budget, which was signed into law on August 9. The funding is being distributed using a two – prong formula, with $50 million being awarded using the traditional Chapter 90 formula, which factors in a community’s local road mileage (58.33%), population (20.83%) and employment (20.83%). The remaining $50 million will be distributed based on each community’s share of road mileage.
Ipswich will receive $124,084 for its road mileage and $110,583 based on the Chapter 90 formula, for a total apportionment of $234,667 .
Newbury will receive $88,083 for its road mileage and $66,750 based on the Chapter 90 formula, for a total apportionment of $154,833.
Rowley will receive $71,306 for its road mileage and $59,688 based on the Chapter 90 formula, for a total apportionment of $130,994.
“Infrastructure is foundational to our communities,” said Kassner. “This additional funding will allow communities to maintain and enhance safety on our roads and bridges and expand transportation options such as bike lanes, sidewalks and trails to provide enhanced mobility for all in our communities.”
Cities and towns can use the new grant funding to pay for a variety of construction, preservation, and improvement projects. This includes installing sidewalks, bicycle lanes, crossing signals, and other transportation infrastructure work.
