On the recordMay 7, 1997
on this day in 1626 a wise Dutchman named Peter Minuit traded $24 of trinkets for the island of Manhattan. It is commonly agreed that Minuit received the better end of that deal. When it comes to highway funding, however, a lot of taxpayers find themselves on the opposite end of the situation, on the bad end of the deal. For every dollar we send to Washington for highway funding, we receive back less than 78 cents. Twenty-five other States find themselves in the same position. Even though Federal law says we ought to receive 90 cents for every dollar, 18 States do not even receive that. Donor States are fast growing. In Texas, we are a large State, very diverse, big infrastructure needs, and we are the entryway for our trade with America's largest partner, Mexico. This year as we address transportation issues, let us make sure we are giving taxpayers the fair deal they deserve.
Source
govinfo.gov
