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Will Increased Highway Funding Help Rural Areas?
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Abstract
Rural areas in the United States stand to benefit from new highway funding legislation, especially the South. The Transportation Equity Act for the 21st Century (TEA-21) authorizes sharply increased funding for major roads and is the single largest public works bill in U.S. history. Over a 6-year period, it will provide $171 billion to build new roads, widen lanes, put in new interchanges, and construct bridges. Under TEA-21, some spending discrepancies will be addressed and resolved for States that contribute more money into the Federal Highway Trust Fund than they receive in benefits.Federal-aid highways, Federal highway investments, Highway Trust Fund, Federal transportation policies, rural transportation, rural development, highway funding formula, TEA-21, ISTEA, donor States, recipient States, Community/Rural/Urban Development, Public Economics,