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The federal highway trust fund has blown through its cash balance, and gasoline tax receipts are down. In the years ahead Virginia will be hard pressed to make up the differ' ence.
If you thought the transportation "crisis" was over, it’s not. It s only in temporary abeyance while the political system digests the new revenue sources bequeathed by lawmakers this year. Panic will resurface as soon as it’s obvious that the financial underpinnings of Virginia's transportation program are still deteriorating
Disturbing news from the U.S. Department of TVansportation suggests that Virginia and other states may be getting less money in fiscal 2010 than previously anticipated from the federal highway trust fund, a major source of state transportation revenues. And the shortfall in DOT funding is the tip of an iceberg: a dip in federal and state gasoline tax revenues stemming from the fact that people are driving less.
85.2%