Friday, May 05, 2006

Transportion Money Is Short


A drop in government funds, coupled with decreases in gasoline and new car sales, means North Carolina may be short of money for road projects.

Transportation Secretary Lyndo Tippett says the state will be about $920 million short of what it needs to pay for road-building, maintenance and other transportation projects over the next three years.

He says much of the gap will come from a shortfall in federal allocations and a drop in money that was expected from the state Highway Trust Fund. Tippett also noted that construction costs have gone up, while tax revenue from new car sales and gas consumption has dropped.

Maybe if the legistlature would keep it's hand out of the HTF cookie jar more money would be there. Just a thought.

posted by David at 10:55 PM :: Permalink ::