Cash Shortfall for Highways

 

The Deputy Secretary's letter put all state DOTs on notice, warning that instead of sending states overnight reimbursements for transportation investments, the Federal Highway Administration could begin to ration state repayments; possibly shifting to weekly or bi-weekly payments in the event that state reimbursement requests exceed the cash available in the Highway Trust Fund. - Courtesy of PlanAdviser

The Highway Trust Fund (HTF) faces an impending cash shortfall. With highways being such a huge part of our nation?EUR??,,????'???s infrastructure and economy, Congress will likely rectify the situation.

Deputy Secretary of Transportation John D. Porcari sent a letter to the chief executive officers of every state department of transportation in the country advising them about the situation. The HTF is the federal funding source for thousands of state highway projects, which support hundreds of thousands of jobs, across the country. – Courtesy of AASHTO