A new AASHTO survey of state DOTs is forecasting a $50 billion cut in revenue over the next 18 months that is already putting construction projects and people’s paychecks in jeopardy. In this edition of On Time with Tymon, learn from AASHTO’s Executive Director Jim Tymon, just how serious this national crisis is.
America’s response to the COVID-19 pandemic has resulted in a nearly 50% reduction in motor vehicle travel nationwide. For state DOTs that translates into a 30% drop in revenues. In letters to Congress, state DOT leaders are telling lawmakers what’s happening in their states. AASHTO is advocating for the same kind of emergency economic relief Congress has already provided to airports, commercial airlines and public transit agencies, be given directly to state DOTs.
“We’re already seeing state DOTs furloughing employees and delaying projects and without immediate assistance from Congress you’re going to see more and more states facing these decisions,” Tymon says in the video. Click here to learn more about how states are responding to the COVID-19 pandemic.