What would be impact of insolvent Highway Trust Fund?

    July 1, 2014
    On July 1st, Anthony Foxx, U.S. Secretary of Transportation, issued a warning to states and transit agencies that federal funding for road projects and transit efforts will become limited and states should not expect same-day reimbursement for projects.

    On July 1st, Anthony Foxx, U.S. Secretary of Transportation, issued a warning to states and transit agencies that federal funding for road projects and transit efforts will become limited and states should not expect same-day reimbursement for projects.

    In fact, because the Highway Trust Fund is expected to run out of cash “in just a few weeks,” the Dept. of Transportation is being forced to implement a “cash management plan beginning Aug. 1” until such time that funding is restored to appropriate levels. What does that mean? It means construction projects and road maintenance around the country may grind to a halt.

    All photos courtesy of Getty Images.

    About the Author

    Brian Straight | Managing Editor

    Brian joined Fleet Owner in May 2008 after spending nearly 14 years as sports editor and then managing editor of several daily newspapers.  He and his staff  won more than two dozen major writing and editing awards. Responsible for editing, editorial production functions and deadlines.

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