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Article: Trouble likely ahead for State Road Fund
- Article from:
- Charleston Daily Mail
- Article date:
- June 13, 2006
- Author:
CopyrightCopyright 2006 Charleston Daily Mail. Provided by ProQuest LLC. (Hide copyright information)
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THE ASSOCIATED PRESS
With Gov. Joe Manchin expected to request special funding for
highway projects this week, lawmakers were reminded the normal source
for such money, the State Road Fund, cannot make ends meet.
The fund has proved unable to keep pace with inflation, increases
in vehicle fuel efficiency and other changes, said Director Tom Witt
of West Virginia University's Bureau of Business and Economic
Research.
While the fund also relies heavily on federal dollars, the state's
share comes mainly from registration fees and taxes on gasoline and
auto titles. Witt told a joint interim Finance subcommittee that the
state's share, when taking inflation into account, peaked in 1994 at
$609 ...