The End of the Road? The Looming Fiscal Disaster for Transportation

Source: Sarah Kline, Transportation for America, April 2014

From the press release:
Most states and dozens of metropolitan areas will lose the majority of the money they need to maintain and improve their transportation networks when the Highway Trust Fund goes broke this summer, according to a report released today by Transportation for America. The report, The End of the Road? The Looming Fiscal Disaster for Transportation, shows the dollar amounts that each state and metro will be forced to forego if Congress does not act to avert the insolvency of the transportation fund, expected to be exhausted in July. The shortfall is a result of lower than expected collections of revenue from a gas tax that has not changed since 1993, despite rapidly rising construction costs. Unless Congress adds new revenue to the trust fund, the federal government will be unable to commit to funding any new transportation projects, depriving states and localities of resources critical to maintaining and improving the infrastructure that makes our economy possible….