The Federal Highway Trust Fund is struggling to stay afloat in the face of dwindling funds and partisan gridlock in Washington. That means the federal government will delay reimbursing Rhode Island and other states for transportation projects starting August 1st.
U.S. Department of Transportation Secretary Anthony Foxx said states will face a 28 percent drop in federal funding for road repairs, maintenance, and infrastructure developments. Foxx met with the Rhode Island congressional delegation to discuss the challenge, and didn't mince words when he spoke at the Statehouse.
The public has a chance to weigh in Friday on a slate of proposed transportation projects that will be paid for out of a new fund
The new fund helps cities and towns access low-interest loans for road construction projects. It’s modeled after the state’s Clean Water Finance Authority, which over the past 15 years has loaned out $1 billion for municipal sewage treatment projects. In fact, the Clean Water Finance Authority will administer this new transportation fund.