THE NATIONAL ECONOMIC IMPACT OF NO FEDERAL HIGHWAY FUNDING
Concern is expressed over the delay in enacting a new federal highway bill. This delay could cause a new low in the resources available for highway construction and repair. A year's delay in enacting a new bill could reduce employment in the economy by 340,000 jobs and reduce overall output by about $23 billion. The impacts of such a delay on an industrialized country are illustrated in terms of dollars. The report notes the long-term links between the highway system and economic growth. It is noted that while the nation's use of its highways has grown steadily, public financial support has dropped dramatically. Even including funds for operations and maintenance, public spending on highways averages less than one quarter of a cent per vehicle mile traveled, and is little changed from the 1982 level that was the lowest in 35 years. The article examines in some detail, the importance of highways, financial trends, trends in highway use, the economic impacts of highways, and the possible impacts of no highway bill. The latter considers both short term and long term impacts.
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Corporate Authors:
Road Information Program
1200 18th Street N.W.
Washington, DC United States 20036 - Publication Date: 1987-1
Media Info
- Features: Figures; References; Tables;
- Pagination: 34 p.
Subject/Index Terms
- TRT Terms: Economic development; Economic impacts; Employment; Expenditures; Federal aid; Finance; Financing; Highway maintenance; Highway travel; Highways; Impact studies; Laws; Road construction
- Subject Areas: Administration and Management; Economics; Finance; Geotechnology; Highways; Law; Planning and Forecasting; Society; I10: Economics and Administration;
Filing Info
- Accession Number: 00463337
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 30 1987 12:00AM