Friday, September 05, 2008
Fuel Taxes and Road Maintenance, Again
Talk about feedback loops! Do I need to say again how the decline in revenues from fuel taxes is going to devastate the budget for road maintenance? Here we see that the US Highway Trust Fund is not only down, but nearly out. The situation is critical. Unless funds come from somewhere else (not easy, considering that the US government is broke), it’s just a matter of time until the road network deteriorates to the point of being impractical for motor vehicle traffic. Keep a watch on this one.