State DOTs Seek $50 Billion to Offset Plummeting Revenues

State transportation departments need $50 billion in federal funds to offset significant revenue declines due to plummeting road travel and gasoline sales, according to the American Association of State Highway and Transportation Officials.

• Group requests $49.95 billion for state transportation departments to be included in next virus stimulus package in letter to top lawmakers including House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell
• AASHTO estimates state DOTs will see a 30% loss in state transportation revenues on average over next 18 months: letter
  • “This federal backstop will help to ensure state DOTs can operate and maintain their systems without disruption and allow current transportation projects and plans to continue,” AASHTO President Patrick McKenna writes
• Organization also calls on lawmakers to pass major infrastructure package to bolster post-virus economic recovery

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Ryan Beene in Washington at rbeene@bloomberg.net

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Jon Morgan at jmorgan97@bloomberg.net

Megan Howard

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