States could lose $9B in federal highway funds

09/28/2009 | Wall Street Journal, The

States may lose $9 billion in highway funds if Congress does not pass legislation by Oct. 1, the start of the 2010 fiscal year. The $9 billion accrued over several years as states were required to set aside a portion of funding, but many states have allocated the funds to highway projects as other sources have dried up in the tight economy. California would lose almost $800 million, while Colorado would forfeit more than $114 million.

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