It’s being called the fiscal sinkhole. And it could be coming to a road near you.
In his budget address last week, Gov. Peter Shumlin unveiled a plan for record-setting transportation spending. But partisan politics in Washington, D.C., could soon threaten some of that money.
The problem is in the Federal Highway Trust Fund, a multi-billion dollar pot of money that accounts for about half of Vermont’s annual road budget. And it’s going to run dry in September unless Congress votes to fill it back up.