Making a silk purse from a sow’s ear
Sep 04, 2012
Your state may be getting a windfall of transportation money that they have to obligate by 12/31/2012. State DOTs that have unspent earmarks from FY2003 through 2006 can now use their unused earmark funds on any eligible highway, transit, passenger rail or port project they wish, according to the American Association for State Highway Transportation Officials (AASHTO). This means states must identify their projects by Oct. 1 and obligate them by Dec. 31 to take advantage of the $470 million plus in unobligated earmarkfunds that are out there. The penalty for missing the deadline is harsh. AASHTO reports that any funds not obligated by the end of 2012 will be redistributed in FY2013 to states that did meet the deadline.
Here's the amount of earmark money by state.
