Florida’s transportation system operates at a deficit with coffers so barren it will borrow to pay for almost all of its $9.1 billion in road and bridge obligations over the next year.
Making matters worse is that Florida could lose about $2 billion next year if a key federal transportation funding program isn’t extended this year. Even if it is renewed, the program’s long term prospects look bleak.
One possible remedy? Hiking the federal gas tax for the first time in 22 years to send additional money to the states, a long-dormant idea that has shown faint signs of life as gas prices have dropped to record lows.
Florida’s transportation system operates at a deficit with coffers so barren it will borrow to pay for almost all of its $9.1 billion in road and bridge obligations over the next year. Making matters worse is that Florida could lose about $2 billion next year if a key federal transportation funding program isn’t extended this year. Even if it is renewed, the program’s long term prospects look bleak. One possible remedy? Hiking the federal gas tax for the first time in 22 years to send additional money to the states, a long-dormant idea that has shown faint signs of life as gas prices have dropped to record lows. Walter Michot Miami Herald
Florida’s transportation system operates at a deficit with coffers so barren it will borrow to pay for almost all of its $9.1 billion in road and bridge obligations over the next year. Making matters worse is that Florida could lose about $2 billion next year if a key federal transportation funding program isn’t extended this year. Even if it is renewed, the program’s long term prospects look bleak. One possible remedy? Hiking the federal gas tax for the first time in 22 years to send additional money to the states, a long-dormant idea that has shown faint signs of life as gas prices have dropped to record lows. Walter Michot Miami Herald

Gov. Rick Scott and DOT reject talk of gas tax increase despite transportation deficit

March 22, 2015 3:00 AM

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