Survey: New transportation funding needed
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The federal gasoline tax is not enough
to finance the nation's highway system, so new funding for transportation
projects is needed, according to a survey of 1,000 Americans from Kansas City,
Mo.-based HNTB Holdings. The "America THINKS"
online survey by Kelton Research also found that 67 percent of respondents were
willing to pay more in tolls, taxes or public transit fares to fund
transportation improvements in their area, such as highway capacity expansions
and high-speed rail.
While
57 percent of respondents said they thought the gas tax — which has been set at
the federal level at 18.4 cents per gallon since 1993 — was not sufficient to
maintain the federal Highway Trust Fund, only 36 percent of respondents favored
raising the gas tax. Most preferred paying higher or more tolls (52 percent) or
public transportation fees (45 percent).
The
Highway Trust Fund will be out of money by Oct. 1, even with an emergency
infusion of $7 billion earlier this month, according to HNTB. Inflation, a
decrease in driving and the increased fuel economy of vehicles have reduced the
gas tax's purchasing power.
"While
the stimulus plan was a start, America needs a long-term vision of its
transportation future," said HNTB Holdings President Paul Yarossid in a
statement. "Delays only increase costs and the deterioration of our
infrastructure. By addressing the problem through workable funding solutions,
we will be able generate jobs as well as improve the stability of our mobility
and our economy."
View "America THINKS" online survey.
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© 2012 Penton Media Inc.
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