The Highway Trust Fund could fall short more than $4.29 billion in fiscal year 2009, a Treasury Department economist told a gathering of transportation experts Sept. 25, but said the "most likely" outcome would be a shortfall of $110 million.
Richard Prisinzano, economist at the department's Office of Tax Analysis, said increased fuel efficiency and rising gas prices have caused a slowing of growth in highway-related excise taxes since 2003.
"The trust fund has a bleak outlook," Prisinzano said during the annual gathering of the American Highway Users Alliance. "People are doing less driving."
Wednesday, September 26, 2007
Yet another reason to stop building new interstates...
...that bank account is empty: