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At today’s #THUD #appropriations hearing, @USDOT @SecElaineChao tried to convince me that in most cases, federal loans for #transportation projects that are paid back by local funds don’t count as the local cost share for much-needed #infrastructure projects. She is wrong.
Under the law, #TIFIA loans, which many #Illinois and #Chicago agencies rely on to help fund crucial projects such as @CTA’s Blue Line improvements and the River Walk, are expressly considered part of the local portion of project funding.http://bit.ly/2qtwQMV
