Friday, September 5, 2008

Federal highway fund in trouble

As in, it's running out of money. I don't know what impact, if any, that will have on repairs to our Whittier/I-95 bridge and even the Rail Trail.

Let's keep the good times rolling by electing another ... oh, never mind.

An important account in the federal Highway Trust Fund will run out of money this month, which could hamper completion of road and bridge construction projects across the country, Transportation Secretary Mary E. Peters said on Friday.

Because the fund is draining away so fast, the Transportation Department will have to delay payments for the local projects, or reduce their amount, Ms. Peters said at a mid-day news conference.

The fund is funded by the federal gasoline excise tax.

Read the full story from the NY Times here.

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