State Road Projects Expected To Lose Federal Funding

Federal funding for state transportation projects across the nation is expected to reduce.

1 minute read

January 26, 2002, 6:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

The federal government helps pay for road projects across the country through taxes on gasoline and truck and tire sales...Transportation officials said the decline is primarily a result of a smaller-than-expected collection of taxes on gasoline as well as a drop in the sales of trucks and an increase in the amount of gasahol sold in the United States. Gasahol, a blend of gasoline and ethanol, is taxed at a lower rate than gasoline.News of the revenue estimates has stunned transportation and budget officials across the nation."

Thanks to Congress on New Urbanism

FULL STORY: Road Funds Expected To Take Big Federal Hit

Friday, January 25, 2002 in The Washington Post

Transportation United States

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