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Making Federal Highway Spending More Productive - Analyses, Approaches & Perspectives (Hardcover)
Loot Price: R3,638
Discovery Miles 36 380
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Making Federal Highway Spending More Productive - Analyses, Approaches & Perspectives (Hardcover)
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Total price: R3,658
Discovery Miles: 36 580
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Federal spending on highways totaled $46 billion in 2014, roughly a
quarter of total public spending on highways. About 95 percent of
that amount was spent for the construction of highways or for their
improvement, expansion, and major repair, and the remainder was
spent for operation and maintenance. Recently, two factors have
combined to highlight the importance of making each dollar spent on
federal highway programs more productive economically. First, the
federal governments main source of funds for highways -- gasoline
tax revenues dedicated to the Highway Trust Fund -- has been
insufficient to pay for federal spending on highways. Since 2008,
lawmakers have transferred about $143 billion from other sources to
maintain a positive balance in the trust fund. Second, adjusted for
changes in construction costs, total federal spending on highways
buys less now than at any time since the early 1990s. This book
discusses approaches to making federal highway spending more
productive, as well as the status of the Highway Trust Fund and
options for paying for highway spending.
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