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Oct
1
9:37PM | October 1, 2009 | posted by Jim Grimes | comments: 0
ROAD FUNDS SPEED AWAY
Federal funds are more like a promise, every few years Washington allocates dollars for states to build roads, bridges and other highway projects, but don't run out and cash the check. This week after congress failed to eliminate a provision in a six-year national highway funding bill it was forced to take back some of that money, exactly $8,708,000,000 nationwide. That's $8.7 billion less in federal dollars to spend on badly needed infrastructure.
California was at the top of the list loosing $800 (m) followed by Texas with $740 (m). TXDOT says it will impact future projects but unlike some states we didn't run out and spend all that loot, only about $100(m). Here's the breakdown by Metros in Texas.
UNOBLIGATED BALANCES TO BE RESCINDED IN TEXAS
Austin 5,207,206.00
Corpus Christi 1,696,967.00
Dallas-Fort Worth-Arlington 23,934,831.00
Denton-Lewisville 1,731,019.00
El Paso 3,743,892.00
Houston 22,069,135.00
Lubbock 1,167,540.00
McAllen 3,020,355.00
San Antonio 7,664,591.00
Total 70,235,536.00
California was at the top of the list loosing $800 (m) followed by Texas with $740 (m). TXDOT says it will impact future projects but unlike some states we didn't run out and spend all that loot, only about $100(m). Here's the breakdown by Metros in Texas.
UNOBLIGATED BALANCES TO BE RESCINDED IN TEXAS
Austin 5,207,206.00
Corpus Christi 1,696,967.00
Dallas-Fort Worth-Arlington 23,934,831.00
Denton-Lewisville 1,731,019.00
El Paso 3,743,892.00
Houston 22,069,135.00
Lubbock 1,167,540.00
McAllen 3,020,355.00
San Antonio 7,664,591.00
Total 70,235,536.00
