Quote:
Originally Posted by arock10
Lol I read that as gas taxes + trolls only cover 50% of road spending
Ugh too much gfy
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LOL! If GFY trolling paid for hwys, we would be on streets of gold!
Reality is: Toll roads are NOT funded by the govt. Thus the tolls.
As for Federal Hwys...I'll say it again. Funded by the gasoline tax.
The only time it has had any other money (as I've said over and over to people in this thread who REFUSE to listen or read) is the last few years. As gasoline prices have soared, people are using LESS gas. Thus less revenue. Leading to Congress moving emergency funds to keep it "solvent" (because money must ALWAYS be funneled to Senators cronies back home):
"From 2008 to 2010, Congress authorized the transfer of $35 billion from the General Fund of the U.S. Treasury to keep the trust fund solvent.
The Congressional Budget Office (CBO) projected in January 2012 that the fund's Highway Account will become insolvent during 2013, and the Mass Transit Account insolvent in 2014. CBO said that although vehicles will travel more miles in the future (therefore consuming more taxable fuel), rising fuel efficiency standards and congressional refusal to increase the fuel tax or tie it to the rate of inflation means that the fund receives less money. CBO's insolvency projection assumed that Congress will not increase transportation spending beyond inflation-adjusted 2012 levels.
In 2013, the U.S. Chamber of Commerce supported raising the federal gasoline tax to keep the fund solvent."
The link is here for ANY of you to read.
http://en.wikipedia.org/wiki/Highway_Trust_Fund