State and Local Government / Transportation

Road Money Drying Up, Whatsoever Shall We Do?

By David Stokes on May 19, 2008

MoDOT is predicting that road projects in Missouri, except for the New I-64/40, will be delayed because (according to the Post-Dispatch, via Combest):

Ed Hassinger, the Missouri Department of Transportation’s district engineer for St. Louis, said a triple whammy of higher bond payments, a looming deficit in the federal highway Trust Fund and dropping state fuel tax revenue would reduce the number of dollars available to build roads and bridges.

I sure wish a Missouri-based, free-market think tank had written a study about ways to fund and operate needed road, bridge, and transit projects using innovative solutions (public-private partnerships) and user-based fees (tolls) to fund transportation in Missouri. That might come in handy right now. …

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David Stokes

Director of Municipal Policy

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