The Transportation Department is expected to handle about $43 billion in spending under the economic stimulus package working its way through Congress. To manage that spending, Transportation Secretary Ray LaHood announced yesterday he has created a team to ensure the department is distributing funds rapidly, while also ensuring theyâ€™re monitored properly.
The team will identify and prioritize highway, bridge, transit, rail, aviation and other transportation spending. It will also create standards to track the money, as well as measure performance and job creation.
But we here at FedLine think the best part is the teamâ€™s name. It will be called the Transportation Investment Generating Economic Recovery Team. Thatâ€™s right, itâ€™s a TIGER Team. And for that, we give DOT a tip of the hat for the best, and perhaps first, use of a creative acronym under the new administration…so far.