TRUST FUND FUTURE UNCERTAIN; STATES RESOLVING MONEY PROBLEMS

Although the future of the Highway Trust Fund appears uncertain, the nation's state legislatures facing up to the problem of highway finances. The recently announced program for greatly increased production facilities for gasohol with federal loans and subsidies with a goal of 500 million gallons by the end of 1980 made no mention of either the discontinuance of the 4 cent federal tax exemption for gasohol or plans to replace the lost revenue from other sources. At the last count 27 state legislatures are expected to consider bills this year to raise motor fuel taxes on a cents-per-gallon basis, a tax based on a fixed percentage of the fuel price, or a variable tax with high and low limits. There is no question that immediate action is called for to correct the present shortfalls in projected revenues.

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  • Accession Number: 00322867
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Files: TRIS
  • Created Date: Jan 19 1981 12:00AM