Re: State sounds alarm over road funding


"Rich Piehl" <rpiehl5REMOVETHISFOR@xxxxxxxxxxxxxxxxx> wrote in message
news:XSuri.34$372.1@xxxxxxxxxxxxxxx

http://www.stltoday.com/stltoday/news/stories.nsf/stlouiscitycounty/story/68
FFB3345641829786257328000F0101?OpenDocument

or http://tinyurl.com/2aac3y

From the July 30, 2007 St. Louis Post Dispatch. Link rot in about 10
days.

Missouri's top transportation official is canvassing the state talking
about a "perfect storm" forming over his department.

Road construction costs are spiking, debt payments are ballooning, and
at the same time, fuel taxes are generating slightly less cash and the
federal highway trust fund is speeding toward a multibillion-dollar deficit.

The combination means that by 2010, the Missouri Department of
Transportation could have just $569 million a year to pay contractors for
road and bridge work. That's down from the $1.23 billion that MoDOT is
spending this year on those jobs.

It is a national problem, and the gas tax pays for less than half of what
it did in 1960.


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