Federal Road Fund Could Go Broke by 2015

Source: Daniel C. Vock, Stateline, April 24, 2013

The pot of money that the federal government uses to pay its share of transportation projects will run out in little more than two years, congressional forecasters warned Wednesday. “The current trajectory of the Highway Trust Fund is unsustainable,” the Congressional Budget Office wrote in a report to U.S. House members. To keep the Highway Trust Fund in the black, they said, Congress would have to raise fuel taxes by 10 cents a gallon, dramatically reduce spending to about 8 cents for every dollar it spends now or find more money for transportation somewhere else. …