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State transportation officials warn purchase‑and‑use reallocation only delays funding shortfall for federal match
Summary
Agency of Transportation and Joint Fiscal Office staff presented scenarios showing that while the governor's proposed purchase‑and‑use reallocation buys several years of relief, state match for federal highway funds may be exhausted in the mid‑ to late‑2030s unless longer‑term revenue changes occur; committee discussed local option taxes, indexing and VMT.
Jeremy Reed, chief engineer at the Agency of Transportation, and Logan Hoogre of the Joint Fiscal Office presented projections showing how changes to the purchase‑and‑use tax and differing federal/state growth rates affect the state's ability to match federal highway funds.
Reed described a conservative analysis that focuses on formula federal highway funds the agency can count on annually and excludes discretionary grants. "Federal highway money is roughly $375,000,000," he said, and after stripping out nonformula and nonproject funds the core dollars available for capital work are much smaller. Reed modeled multiple recapture scenarios tied to…
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