U.S. Sen. Chuck Schumer on Wednesday said the financial troubles facing the federal Highway Trust Fund could interrupt federal aid for critical bridge, road and transit projects across the state. During a conference call with reporters, he said nearly half a billion dollars worth of projects in the Capital Region are among those getting trust fund support.
He called on bipartisan support in Congress to get a “patch” approved that would provide enough funding until a permanent solution can be worked out next year. The fund is expected to run out of money next month.
Money for the trust fund comes from an 18.4-cent tax on gasoline that hasn’t been increased in more than 20 years. Meanwhile, increased fuel efficiency and the growing use of hybrid vehicles have cut revenues to the fund.
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