Projects a $10 Billion Shortfall in 2015
By Michele Fuetsch, Staff Reporter
This story appears in the July 29 print edition of Transport Topics.
WASHINGTON — The Congressional Budget Office last week presented a grim picture of an insolvent Highway Trust Fund to the House committee that oversees highway policy, but there was little discussion of possible solutions.
In 2015, there will be an estimated $50 billion in outlays for highways and transit — if spending levels stay the same as today — but only $40 billion in receipts, said Kim Cawley, a chief official at the Congressional Budget Office. “Without some change in policy, there won’t be enough money to go around.”
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