Bond Buyer: Obama will disclose principles for next transportation funding reauthorization within next 90 days
Mar. 4, 2010 | 3:57 pm
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The Bond Buyer reports that Transportation Secretary Ray LaHood said at a conference sponsored by the American Association of State Highway and Transportation Officials that the Obama administration will unveil its principles for a new multi-year transportation bill within the next 90 days.
He would not say if the principles will contain recommendations for a revenue source to pay for a multi-year program.
A gasoline tax increase and a mileage tax have risen to the top of the debate over revenue options, but the administration has said it does not support either of those options right now.
Tagged: SAFETEA-LU, transportation funding
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