Infrastructure groups warn that bipartisan fuel-tax suspension proposals due to Mideast conflict gasoline cost hikes could undermine transportation funding as Congress falls behind on surface transportation reauthorization
Bipartisan gas-tax suspension proposals are gaining traction as fuel prices surge due to the Mideast conflict, but transportation groups warn the moves could further strain Highway Trust Fund finances.
One day there will be a book on the ups and downs of state gas taxes and infrastructure finance—with a whole chapter dedicated to what is unfolding during the inflation surge of 2021 and 2022.
Governor says proposed freeze this summer on tax that funds road, bridge and other infrastructure is way to give taxpayers inflation relief, but roadbuilders are crying foul with projects long underfunded.
Former state DOT leaders say the $1.3 trillion infrastructure bill would be a start, but other funding is needed for critical infrastructure maintenance and new projects.
Mississippi River cities and towns are struggling with revenue loss from 10% to 30% as they continue to fight the ongoing pandemic and try to keep city services, including critical infrastructure, open.