Skip to Content
Streetsblog USA home
Streetsblog USA home
Log In
Economics

The U.S. Wants to “Borrow” From Transit to Pay for Highways

U.S. Transportation Secretary Mary Peters said yesterday that due to declining gas tax revenues, the Highway Trust Fund would need to borrow money from its mass transit account to pay for road projects. Today's big news story was buried at the bottom of page A17 in the New York Times:

Gasoline tax revenue is falling so fast that the federal governmentmay not be able to meet its commitments to states for road projectsalready under way, the secretary of transportation said Monday.

Thesecretary, Mary E. Peters, said the short-term solution would be forthe Highway Trust Fund’s highway account to borrow money from thefund’s mass transit account, a step that would balance the accounts ashighway travel declines and use of mass transit increases.

Meanwhile, America's historically underfunded transit systems are also struggling with rising fuel prices and record demand. No word yet on how taking money away from transit to pay for highways fits in to George W. Bush's plan to end America's oil addiction but maybe time for Americans to take a good, hard look in the mirror and ask ourselves what kind of nation do we want to be?

Stay in touch

Sign up for our free newsletter

More from Streetsblog USA

Friday’s Headlines Back the Bikes

Setting aside the fact that bike lanes don't make traffic worse, resisting bikelash on busy roads is essential to creating a useable network.

April 18, 2025

Does Driver’s Ed Really Make Roads Safer? 

States like Georgia are taking a critical look at their drivers education programs — but some say the whole concept of driver's ed deserves scrutiny.

April 18, 2025

Friday Video: Ken Jennings Has a Web Series About Transit!

Jeopardy's host and most famous player is a big fan of the bus — and he's helping educate his fellow Washingtonians about why they should be, too.

April 18, 2025

Talking Headways Podcast: The Pacific Circuit

Alexis Madrigal connects containerization to globalization and its direct impacts on one Oakland neighborhood.

April 17, 2025

Thursday’s Headlines Wonder Why

Why are drivers killing so many pedestrians? Governing magazine has a number of familiar theories.

April 17, 2025
See all posts