Posts Tagged "Fiscal Cliff Report"
Part three: Crucial transportation projects could be halted if Congress fails to rescue transportation funding
Congressional inaction on saving the nation’s transportation fund would have tangible impacts on projects planned for next year and beyond, forcing many long-awaited projects to halt indefinitely as soon as this summer. Illinois’ six-year plan for transportation improvements could be threatened, and one long-awaited enormous project on the border with Iowa could be a casualty.
States already scaling back planned work for next year in anticipation of funding crisis
Congressional inaction on saving the nation’s transportation fund would have tangible impacts on projects planned for next year and beyond, forcing many long-awaited projects to halt indefinitely as soon as this summer. Numerous states are already beginning to make plans for a year where no federal money is available for new projects by scaling back plans and tentatively canceling projects.
Which highly anticipated transportation projects in your community would go back on the shelf next year?
Which highly anticipated transportation projects in your community would go back on the shelf next year? Will it be a bridge replacement years in the making? New buses to meet growing ridership? A multi-use trail along a key highway that bike commuters are hoping to use? Improvements to make your Main Street safer and more pleasant for people who shop and work there?
Crucial transportation projects could be halted if Congress fails to act
Barring congressional action, the nation’s transportation fund will be insolvent later this year and the federal government will be unable to commit to funding any new transportation projects next year. This would have significant impacts on projects that have been planned years in advance across the country.
RELEASE: When the Highway Trust Fund goes bust: Report shows how much states and metros will lose
Congress has an opportunity to save the transportation program and recommit to investing in the repairs and improvements our communities and businesses need
How much federal transportation money will your region lose this summer?
The Highway Trust Fund—which provides most of the funding for highway projects in the United States—is slated to run bankrupt later this year. If that happens, the program won’t be able to pay for any new projects next year and many federal transportation projects will come to a grinding halt. What will that mean for […]
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