Highway Trust Fund Again Teeters on Insolvency

 

A year ago, the federal Highway Trust Fund found itself in a $8 billion hole due to decreased motor fuels tax revenue, and Congress eventually came up with a one-time fix. - Courtesy of University of Missouri Extension

A key U.S. senator says the Highway Trust Fund has found itself facing a new shortfall of $7 to 10 billion, requiring another fix. This will likely delay construction projects.

The estimate comes as a House committee readies a new surface transportation authorization bill to replace SAFETEA-LU, pegged at about $450 billion. In a blog post about these developments, ASCE’s Government Relations team says the funding’s all well and good, but asks, where will the revenue come from? ?EUR??,,????'??? Courtesy of American Society of Civil Engineers