Keith Laing, with help from Josh Schank of the Eno Center for Transportation, describes the reality facing the new Secretary of the Department of Transportation. With gas tax revenue dwindling and MAP-21 expiring next year, securing funds is crucial.
Moving Ahead for Progress in the 21st Century (MAP-21) "contained approximately $54 billion (sic) spending for road and transit projects by relying on a patchwork of money taken from other areas of the federal budget" to make up for the gas tax shortfall.
"However, lawmakers in both parties have sworn that there will not be a repeat occurrence in 2014 when Foxx will be trying to steer a transportation bill through Congress.”
Schank adds, “He’s coming into a situation with no revenue and the prospect [for increased funding] is bleak. Without new revenue, there’s limited influence you can have.”
Clearly, Foxx has his work cut out for him, but judging from his first blog on Fast Lane on July 2 after his swearing-in ceremony, he appears up for it.