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bill. Meres tne Daa news: u the feds continue doling out money at the rate they have been, the highway trust fund will face annual deficits of roughly $5 billion annually. Unless a future Congress and U.S. president decide to increase the federal gasoline tax - a controversial proposition, to say the least - the Department of Transportation will have no choice but to cut back. The highway trust fund will be able to funnel money to the states only as fast as gas receipts come in. Aggravating the situation, when Uncle Sam has no surplus money in the bank, it won't be able to pay as promptly as it has done in the past, potentially creating cash-flow issues for some states.
That brings us to the longer-term problem. The money isn't coming in as fast. Between 1980 and 2005, federal receipts from gasoline taxes had increased at an average
83.1%