from Forbes.com:
Va. lawmakers question ignoring local road funding - Forbes.com
RICHMOND, Va. -- Some members of the Virginia Senate's money committee questioned Thursday whether it's wise - or legal - to sacrifice the state's local roads in order to secure federal dollars to maintain and build highways.
Transportation Secretary Pierce Homer told members of the Senate Finance Committee that revenue reductions of $4.6 billion over the next six years have forced the state to choose to go after federal highway funding instead of repairing and improving other roads and bridges.
To qualify for federal funds that contribute $4 for every $1 the state pitches in, Virginia must meet minimum construction requirements. In order to get those, Virginia has reduced funding to maintain state and local roads by 25 percent.
Friday, September 18, 2009
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