Tag Archives: Federal Highway Trust Fund

Obama signs 5-year infrastructure spending bill

Obama signed a 5-year, $305-billion bill to address the nation’s aging and congested transportation systems was signed into law Friday that will put Americans to work and provide states with the federal help they need to commit to long-term projects.

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State Gas Taxes Directed to Other Purposes

States are depleting their highway repair funds raised by gasoline taxes to pay for education, medical care and debt, intensifying the demand on Congress for federal funds to take up the slack. Yet the Wall Street Journal said that state infrastructure funds, largely raised by state gasoline taxes, have been directed to other purposes and governors are pressing federal legislators to extend funding to the Federal Highway Trust Fund to pay the tab for road and bridge repairs.

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