Innovation Newsbriefs
Vol. 24, No. 13 (update)
In the longer run, greater state fiscal autonomy and financial sophistication could modify the federal-state relationship in transportation. There would be less need for direct financial aid to state DOTs and more emphasis on credit assistance to support transportation investments of truly national scope and significance. (High-Speed Rail in the Northeast Corridor comes to mind). At the same time, federal oversight of state transportation programs could be reduced to reflect the smaller federal fiscal footprint.
Posts Tagged ‘C. Kenneth Orski’
How to Avert a Transportation Funding Crisis
Monday, September 30th, 2013Tolling the Interstate Highways
Wednesday, September 18th, 2013Innovation Newsbriefs
Vol. 24, No. 14
Robert Poole, co-founder of the libertarian Reason Foundation and its Director of Transportation Policy has produced a study that is bound to create more than a ripple inside the transportation community…The study makes only one major policy recommendation: that Congress allow tolling of Interstate highways “for the specific purpose of reconstruction and widening with toll revenue used only for those purposes.” The author concludes that permission from Congress is “the one needed enabler… to begin this transition.”
A Major Court Rebuke for the California Bullet Train
Thursday, August 22nd, 2013Innovation Newsbriefs
Vol. 24, No. 12
The California High Speed Rail project was dealt a serious blow when Judge Michael P. Kenny of the Sacramento Superior Court ruled on August 16 that the California High-Speed Rail Authority “abused its discretion by approving a funding plan that did not comply with the requirements of the law.”
Are We Ignoring the Obvious Solution to the Transportation Funding Crisis? (Cont’d)
Friday, August 16th, 2013Innovation Newsbriefs
Vol. 24, No. 11
The inability of Congress to pass even a simple annual appropriations bill does not bode well for a congressional agreement on the much more complex and costly multi-year surface transportation bill that must be reauthorized by October 2014.
Can-Do States
Wednesday, July 17th, 2013Innovation NewsBriefsVol. 24, No. 9 Recently, Rep. Nick Rahall (D-WV) called for a $5.5 billion emergency federal program “to fix the nation’s backlog of deficient and structurally obsolete bridges” (H.R. 2428). He was responding to the well- publicized collapse of the I-5 bridge in Washington State . “It’s an emergency out there,” Rahall proclaimed at […]
View this complete post...A Credible Funding Solution for Transportation
Tuesday, April 16th, 2013Innovation NewsBriefs
Vol. 24, No. 6
As we have argued in recent columns, no one disputes President Obama’s and the infrastructure advocates’ claim that some of America’s transportation facilities, are reaching the limit of their useful life and need reconstruction. Nor does any one disagree about the need to expand infrastructure to meet the needs of a growing population.
States Seek to Become More Self-Reliant
Tuesday, April 2nd, 2013Innovation NewsBriefs
Vol. 24, No. 5
During his March 29 visit to the privately built and financed PortMiami tunnel project, President Obama unveiled a new infrastructure plan. His latest proposal—costing $21 billion— includes a renewed call for a National Infrastructure Bank capitalized at $10 billion, a $7 billion “America Fast Forward Bonds” program modeled after the former Build America Bonds; and a sum of $4 billion in direct loans and loan guarantees. The White House announcement did not make it clear whether this latest infrastructure initiative…
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