HTF Running Low, DOT Shares Cash Management Plan
/The Highway Trust Fund is running dangerously low. The issue, can-kicked for years and avoided still, will require the US Department of Transportation will switch to a new cash management system. This new system is the equivalent of paying bills paycheck to paycheck (gas tax revenue the paycheck), rather than having a savings account (the highway trust fund) with enough cushion to effectively manage bills bulked within a single season. Instead of immediate reimbursement, states will be paid as funds become available. Below, a post from Secretary of Transportation, Anthony Foxx, which originally appeared on USDOT's blog, Fast Lane.
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