U.S. DOT: Highway Trust Fund could shortfall as early as late July
Amanda Bayhi | March 17, 2014
The U.S. Department of Transportation has updated its Highway Trust Fund Ticker, and a chart on the page shows that the Highway Trust Fund could shortfall as early as the end of July.
The DOT notes that the HTF “will encounter a shortfall before the end of fiscal year (FY) 2014,” adding that “the surface transportation program continues to outlay at a greater pace than receipts are coming in” and that the balance has dropped by nearly $3.3 billion since $9.7 billion was transferred from the General Fund after the start of the fiscal year.
By the end of February, the Highway Account cash balance stood at $8.6 billion.
To see the DOT’s Highway Trust Fund Ticker, click here.
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