Senate Appropriations Subcommittee on Transportation, Housing and Urban Development Chair Patty Murray (D-Wash.) in an April 8 speech on the Senate floor warned her colleagues that the “threat is growing” of a bankrupt Highway Trust Fund (HTF). “As soon as July, just a few months from now, the Department of Transportation predicts the HTF will reach a critically low level. If this isn’t resolved, construction projects to improve our roads and bridges could shut down and leave workers without a paycheck,” Murray said.
The Congressional Budget Office calculates that the trust fund will require $16-$17 billion in additional revenues annually to preserve existing levels of highway and public transportation investment. To date, 11 states have expressed concerns about their state transportation programs if Congress does not address the HTF situation soon.