Sunday, October 5, 2008

Loudoun Extra Reports Northern Virginia Road Projects to be Cut Even Further

According to the Washington Post's Loudoun Extra, "Just months after slashing $1.1 billion in road and transit projects from the state's six-year transportation spending plan, Virginia officials say the state's fiscal situation is so bad that they will have to hold a special meeting to cut even more projects."

"The Commonwealth Transportation Board will meet in November or December to revisit the plan, Deputy Transportation Secretary Barbara Reese said yesterday. A midyear correction to the spending plan, although highly unusual, is necessary to make sure localities know what will, and will not, be funded."

Loudoun Extra notes that "estimates show a shortfall in the maintenance fund of $740 million over six years. Estimates for the state's transportation trust fund -- where money for new projects comes from -- have not been completed, but officials are not optimistic."

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