On the recordMay 14, 2002
I rise today to state my enthusiastic support of H.R. 3694, the Highway Funding Restoration Act. Smart investments in our nation's infrastructure brings about national economic benefits. It's estimated that every dollar invested in our highway system yield $2.60 in economic benefits. As many of my colleagues in this body may know, the Administration's FY 2003 budget request would have reduced Federal-Aid highway funding to $23 billion down, which represents a dramatic decrease from FY 2002 funding levels. Many of my colleagues were rightfully concerned at this funding request, and I shared those concerns. While $23 billion may sound like a lot of money and more than sufficient, the reality is much different. The real funding needs for our infrastructure already exceeds current funding levels by billions and billions.
Source
govinfo.gov




