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Oregon could loan $110M to feds for transportation funding

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Thursday, July 10, 2014

If Congress fails to find money for the Highway Trust Fund, state transportation officials estimate they'll be forced to float the federal government $50 million to $110 million.

The state might also delay or cancel some highway projects scheduled for 2015 if the fund isn't replenished.

The Oregon Department of Transportation has enough money in temporary reserves to continue paying contractors to finish out the current construction season, "but it does put us into a very awkward spot," said Travis Brouwer, ODOT assistant director.

Read more at OregonLive.com

 

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