GAO Says Highway Funding At Risk While DOT Faces Shortfall

Law360, New York (March 29, 2012, 7:07 PM EDT) -- The U.S. Government Accountability Office on Thursday released a report highlighting probable shortfalls to transportation funding over the next several years, cautioning against a reliance on general federal funds and suggesting increases in fuel taxes or new fees to fill in the gaps.

Thanks to the struggling economy and an outdated fuel tax, the U.S. Department of Transportation is facing major challenges and hundreds of billions of dollars in costs that, despite an increase in transportation spending, cannot be faced without a more sustainable approach to...
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