Is Gov. Walker’s road-building binge going to keep Wisconsin mired in the budgetary blues?
His proposals to charge ahead with freeway creation and expansion all over the state never did make much economic sense — hey, gov, the economy will not be helped if trucks can get between cities on new freeways, but break their axles on ruined local roads — but they seem less and less reasonable when the federal highway trust fund is considered. Congress just can’t get a deal done on funding, which means that state taxpayers may end up funding more of the road binge than Walker and his gang are letting on.
From the Wall Street Journal:
WASHINGTON—A six-year $556 billion highway and transit construction program proposed by President Barack Obama is the latest casualty of Washington’s spending stalemate.
Sen. Barbara Boxer (D., Calif.), who is leading talks on the issue, said Wednesday she is now considering a two-year measure that would freeze federal spending on road, bridge and transit projects at existing levels.
The White House had called for a six-year infrastructure bill in his fiscal 2012 budget in part as a measure to create jobs and boost the economy. But lawmakers haven’t agreed on how to pay for the bill, amid a broader debate over how to slash federal spending.
Ms. Boxer, the chairwoman of the Senate Environment and Public Works Committee, said “funding challenges” could require a two-year, $109 billion bill setting funding at existing levels plus inflation. The bulk, if not all, of the funding for such a bill would come from the federal gasoline tax. Lawmakers would still need to plug a $12 billion shortfall under that bill, because gas-tax revenue is falling.