STATES HOLD HIGHWAY SPENDING KEY
The article notes that now, only $6.3 billion in unused federal funds from the 1982 highway bill remain for the states, and much of that money has been strictly allocated for previously specified uses. State Departments of Transportation (DOT) officials from 47 states had indicated earlier that they planned to increase new federal-aid and state-financed contracts for the nation's highways 7% to 22 billion in fiscal 1987. The materialization of these plans will now depend on the ability of the states themselves to bridge the gap until aid comes through. Highway officials and contractors are pressuring Congress to give states the freedom to shift already-classified highway funds between categories. They are also pushing to use Interstate transfer discretionary funds and to get advances of construction funds for critical projects already under way. In the meantime, state ingenuity in raising funds may be the only way some highway projects get off the ground. The article describes how some states are juggling options. State highway contracting plans (in millions of dollars) are tabulated and discussed.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/08919526
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Corporate Authors:
McGraw-Hill, Incorporated
330 West 42nd Street
New York, NY United States 10036 - Publication Date: 1986-11-20
Media Info
- Pagination: p. 30-32
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Serial:
- Engineering News-Record
- Volume: 217
- Issue Number: 21
- Publisher: McGraw-Hill, Incorporated
- ISSN: 0891-9526
Subject/Index Terms
- TRT Terms: Federal aid; Finance; Financing; Highways; State departments of transportation; State government
- Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;
Filing Info
- Accession Number: 00461822
- Record Type: Publication
- Files: TRIS
- Created Date: Jan 31 1987 12:00AM