People may feel the financial impact of underinvestment most directly on the roads. Researchers at the Texas A&M Transportation Institute estimate that, unless spending increases, congestion and rough roads will cost the average Texas household $6,100 a year in wasted fuel, vehicle repairs, and time lost sitting in traffic between now and 2035.
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February 12, 2013
President Obama once again called for billions more in federal spending on roads, bridges, rail and other infrastructure projects in his State of the Union address Tuesday night.
He’s not likely to get it.
Funding for the Department of Transportation was $73 billion in 2012. That number includes federal capital spending on things such as roads, bridges, passenger rail, buses, waterways, ports and aviation, as well as some operating costs. It represents about 30% to 40% of what the country spends on transportation infrastructure each year, with the rest coming from state, local or private sources…