Monday, May 21, 2007
Highway funding in trouble
Here is a little item in this morning's Memphis Commercial Appeal.
A cash crunch is fast approaching for the government trust fund that pays to build and repair highways and bridges.
The federal tax on a gallon of gas has not risen in 14 years and Congress is reluctant to increase it. People are demanding more fuel-efficient vehicles -- less gasoline used, fewer dollars for the fund.
Arkansas has paid for its' major interstate program with these funds. I think it was presumed that this would also pay for the next round of highway repairs.
This is not only bad news for highways and the trucking lobby which considers those slabs of concrete a private corporate domain, this will spill over into all sorts of more intelligent and humane transportation projects.
It just goes to show that you never know when that old law of supply and demand will rear its' ugly head and bite ya' on the ass.