FHWA Reveals Possible $3.5 Billion Highway Funding Overstatement
February 3, 2023 – The Federal Highway Administration told Congress this week that $3.5 billion in federal-aid highway contract authority balances held by states may have to be written off because they could be the result of a pre-2005 accounting error. However, any such writedown will not affect the total amount of federal highway money that the state can actually obligate and spend.