CHART 2-C

CHART 3

FISCAL

YEARS

fund with revenues accruing to the trust fund, and authority to build the Interstate System over a longer period of time.

Under those assumptions, this chart shows the pattern of expenditures for the ABC and the Interstate Highway Systems. The big jump in ABC expenditures occurring between 1961 and 1962 results from resumption of the program after the moratorium, when we would obligate and expend the amount of money that is available in those periods for ABC work.

You remember the other charts show that under the moratorium plan the trust fund can support and cancel out all deficits by 1961, and we take advantage of that in expediting the ABC program as shown by the larger expenditures during 1962 and 1963.

The remainder of the program would indicate annual ABC expenditures of $930 million. In my statement I indicated that we would have $925 million. The difference between the $925 million and the $930 million is flood control and miscellaneous items.

Total expenditures would drop from $2.8 billion, roughly, in 1960 to $2.04 billion in 1961, jump up to $2.3 billion in 1962, and then gradually increase, as indicated on this chart, to a final amount of about $3 billion in 1977. That gradual increase reflects the increase in revenue going into the trust fund, and which would balance out the expenditures from the trust fund.

The tabulation indicated in this chart shows that between 1957 and 1972 there will be $23.6 billion for the Interstate System and $14.9 billion for the ABC program, or a total of $38.5 billion for the two programs, against a revenue of $38.5 billion, which balances.

From 1972 to 1978 the interstate will be $12.4 billion and ABC $5.7 billion, for another $18.1 billion against a revenue of the same amount, making a total for interstate of $36 billion Federal funds, $20.6 billion ABC, and balancing out at $56.6 billion.

That concludes the charts, Mr. Chairman.

The CHAIRMAN. Mr. Tallamy, before you proceed further, without objection, each of these charts and the explanation of the chart which we have before us will appear in the record at the point where you referred to each chart.

Mr. TALLAMY. Thank you, sir.

Now Mr. Chairman and gentlemen of the committee, I note you are interested in the difference between the estimated cost of developing the Interstate System that was prepared in 1955 as compared to the one in 1958. I have a statement regarding that, which I think may be helpful to your committee.

In 1954 the State highway departments, at the request of the Bureau of Public Roads and pursuant to a directive of the Congress, prepared an overall highway needs estimate. It was broken down into several parts and showed the ABC needs, those of other roads and streets and the estimated cost of building the Interstate Highway System as conceived at that time. Only 6 weeks' time was available to the States for the development of this estimate. It is obvious that while a good job was done under the circumstances, it could not have been anywhere near as precise as the later estimate made during 1957 which was submitted to the Congress in January 1958. That estimate was undertaken with meticulous care. Specific lines were laid down, tentative profiles established, and probable cross sections made for estimating