(AP) - Kentucky's transportation
secretary is warning lawmakers that the state could lose nearly $650 million in
federal funding in 2015 unless Congress shifts additional money into the
Highway Trust Fund.
Mike Hancock told the Joint Transportation Committee earlier this week that
all 50 states could experience the same financial wallop if the Highway Trust
Fund isn't replenished.
That fund, which receives federal gas tax revenue and redistributes it to
states for road construction and maintenance, is forecast to run out of money
in the 2015 fiscal year.
Hancock says he's hopeful general government money will be transferred to
the Highway Trust Fund. Congress has routinely made such transfers beginning in
2008, when the fund ran short of cash.
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