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Koos: "Transit Funding Crisis Putting Projects At Extreme Risk"

Wed, 19 Mar 2014 16:18:20 CDT
By: Willis Kern

Koos:
If Congress fails to okay revenue for the Highway Transit Fund, it could mean disaster for projects everywhere including central Illinois. That's according to Chris Koos, Mayor of Normal, who testified before a Congressional panel last month. During an appearance on GLT's Sound Ideas, Koos said the fund is set to dry up completely this summer.



"These are the dollars collected from your gas taxes that are distributed back to the state and the communities for road repair, road improvement, transit, bike and pedestrian--all of that. And as it sits today, there won't be any dollars after August."

Koos says most local impacts won't be felt until next year, when projects that recieve revenue from the fund are scheduled to begin. Late last month, President Obama proposed a four-year, $302 billion transportation bill, half of which would be funded by a corporate tax overhaul many say has no chance of being passed by Congress.

   

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