Tuesday, January 24, 2012

Providing "Revenue Neutral" funding for progress

I am a grant specialist.  Some say I am the best in the business. I know public funding steams like the back of my hand.  The story goes that every time someone has a problem with funding something I say "I think there's a grant for that"....normally there is.  If you know what your doing you will find that is the case.  There are grants for all kinds of things, parks, buildings, festivals...you name it...someone is funding it.

Those days are rapidly coming to an end.  There soon will be another way to get grants that will end up being "Merit Based" and will be determined by what you do.  "What You Do?" not who you know.   I will tell you the who you know funding model gets old after a while.

I remember having opposed the route 422 tolling and having the Mayor of Reading come down to talk to me.  We discussed alternate revenue models.  I explained the concept of capturing the increment on state taxes to fund transportation.  I call it "but for funding." funding that would not exist except for the project.  A revenue stream that would not exist "but for " the project.

"but for" funding is revenue neutral...because it would not exist without the project.  So they keep state tax revenue the same and you get all or a portion of what is generated.

Not my idea originally...but I like it!!

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