Funding sought for highway projects

ALBUQUERQUE (KRQE) – The federal highway administration has spent a lot of money for projects like the Paseo Del Norte I-25 interchange rebuild in Albuquerque, and it’s now strapped for cash.

Last week the Republican controlled House passed a $10.8 billion spending bill to keep the highway trust fund solvent thru May 2015.

The Senate has set up a vote next week on an $11 billion fix for the agency’s multi-billion dollar shortfall, but now it’s likely they will adopt the House’s measure to get the bill to the president more quickly.

If a lack of revenue into the federal highway trust fund is not addressed by Congress, funding for the state could be cut by $367 million starting in October.

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