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Sat September 17, 2011
State budget woes mean fewer federal funds to help fix MI's roads
Road work in Michigan has become more quick fixes than long-term repairs as the state balances the scope of construction projects with the dwindling funds necessary to carry them out. A five-year report shows transportation officials expect a drop of more than $700 million annually from what's being spent now in highway program funds beginning October 1st and stretching into the 2015 fiscal year.
The report points to a drop in state revenue and predictions that Michigan will not be able to put up enough matching money to secure all available federal aid for transportation projects.
Michigan's Five-Year Transportation Program invests just over $6 billion into highway and other programs. But upward of $160 million more in state revenue is needed each fiscal year to match all available federal aid.