the Highway Trust Fund is a vital resource for States to tackle much-needed transportation projects. But right now that trust fund is running on fumes. States from Vermont to California and many in between are rethinking their plans for construction because of funding uncertainty in the Highway Trust Fund. One example is New Mexico. Their State officials are starting to ramp up construction plans for Interstate 25 in Albuquerque. That project has been a high priority for city officials for a number of years. Once it is completed, it is going to reduce traffic and improve safety. That is vital for that area. But right now State officials in New Mexico have said they are concerned about Federal funding for that project and it now might be in jeopardy. That is not an isolated case. The trust fund supports transportation projects across our entire country. It eases congestion for our commuters and for businesses that need to move their goods efficiently and quickly. It funds safety initiatives and construction that improves our roads and bridges. It sparks job creation for American workers. But the Department of Transportation now says that trust fund will not be able to keep up with its payments to States as soon as this summer. This crisis is right around the corner. Many States are now planning for worst-case scenarios. In fact, the State of Missouri has stopped planning for new projects.…
On the recordMay 1, 2014
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