Why does the Federal Government pay 90 percent of the cost?
The Federal-Aid Highway Act of 1944 authorized designation of a 40,000-mile “National System of Interstate Highways,” but did not establish a program or special funding for its construction. The first such funding came under the Federal-Aid Highway Act of 1952, which authorized a token amount of $25 million a year for the Interstate System in Fiscal Years (FY) 1954 and 1955. The 1952 Act retained the standard matching ratio (Federal share: 50 percent). The Federal-Aid Highway Act of 1954 authorized $175 million a year for the Interstate System (FYs 1956 and 1957), with a Federal-State matching ratio of 60-40. The increased Federal share reflected the common understanding that the Interstate System is vitally important to national goals. As President Dwight D. Eisenhower began to promote creation of a program to build the Interstate Construction Program, the Nation’s Governors made clear to him that they did not want to be forced to increase State taxes to pay the additional matching fu
Related Questions
- IF I APPLY UNDER THE QUEBEC PROVINCIAL PROGRAMME AND PAY THE QUEBEC GOVERNMENT FEES, DO I STILL HAVE TO PAY THE FEDERAL APPLICATION FEES, ON TOP OF THE QUEBEC ONES?
- Where is the County getting the funds to construct the bridge? Is the State or Federal government helping pay for this bridge?
- Why does the Federal Government pay 90 percent of the cost?
