Transportation funding term: gap-to-expenditure

The “gap-to-expenditure (GTE) ratio, which calculates each state’s projected funding gap for maintenance, preservation, repair, and replacement of National Highway System and other roadway infrastructure as a share of its planned budget.”

24 of 33 states reporting Transportation Asset Management Plans  have funding gaps. 5 have GTE ratios above 100%, meaning that their funding gaps exceed their total planned expenditures: New York (173%), Oregon (161%), Connecticut (161%), Michigan (138%), and New Mexico (129%)