With a 20 percent drop in state funding, the future of the US Grand Prix in Austin, Texas has been thrown in to doubt in recent days. The Austin circuit is understood to have been receiving a subsidy of $250 million over a 10-year period from the state of Texas due to the economic boost F1 brought to the area. However, the Austin American Statesman publication reported the governor's office is set to reduce support payments from around $25m to $19.5m, based on a different formula of calculating how much economic activity the race generates for the local economy. On top of a loss in revenue from lost ticket sales and refunds from the 2015 event due to the severe weather conditions during the racing weekend, COTA chairman Bobby Epstein had the following to say to the American Statesman: "To use a technical term, I think we're screwed... The state clearly made promises. I think we made a deal, and we lived up to our end of the deal... It's like if you go to a restaurant and order a dinner, and then after you've eaten the meal, they change the price."00 With Formula One keen to promote itself in the United States the latest news comes as a considerable setback to once and for all gaining a strong foothold in the US market. Bernie Ecclestone feels pessimistic about the prospects of remaining at the COTA circuit, commenting that "If it's changed, it's going to be difficult to continue the race in Austin," when asked about the reduction in funding the circuit will receive in the future. Extreme weather conditions certainly did not help, despite Sunday's race being the best race of the season. With talk ongoing about a possible second event in America, the question on everybody's lips will be if another location can be ready in time to take the place of Austin, or if Mr. E can find a few million knocking around in the bottom of his very deep pockets to keep the American dream alive in Formula One. With overall crowd figures down in 2015 (apportioned partly to the bad weather and coupled with the return of neighbouring Mexico returning to the calendar) the future of the US Grand Prix in Austin is on very shaky ground indeed. Do you think the US Grand Prix in Austin has been a positive addition to the Grand Prix schedule? Let us know in the comments section below!