County Executive Steve Schuh Bikes to Work to Highlight “JumpStart Anne Arundel” Capital Funding Program
Annapolis, MD (May 15, 2015) –Anne Arundel County Executive Steve Schuh today highlighted his proposed “JumpStart Anne Arundel” Capital Funding Program by participating in “Bike to Work” Day.
“We live in a growing county with many of our citizens embracing biking as their primary mode of transportation,” said Schuh. “We need to invest now in a system of bike trails that ensures our cyclists can move safely throughout our county.”
As part of an overall plan to connect County bike trails, the County Executive’s proposed “JumpStart Anne Arundel” program would fund projects like a Pedestrian Bridge over Ritchie Highway to keep cyclists safe from traffic. The new funding program is also designed to accelerate school construction, road repairs, as well as expand water access and the regional park network.
The “JumpStart Anne Arundel” program would utilize 30 year bond financing, which is the most utilized financing option across municipalities. This reform will allow the County to increase capital investments by $150 million over the next six years without increasing our annual debt service. All three credit rating agencies reaffirmed their ratings of the County after being briefed on the reform plan.
The County Executive’s budget plan is subject to approval by the County Council.