Innovation Newsbriefs
Vol. 26, No. 7 (update)
Those who have hoped to see an end to the seemingly endless series of short-term extensions and looked forward to a passage of the long- awaited multi-year transportation bill this year, may have to wait a bit longer. While the Senate has managed to pass its version of a six year bill (though only with enough funding for three years and employing questionable “pay-fors.”) the House Transportation and Infrastructure committee is still waiting to hear from the Ways and Means Committee concerning the funding of its proposed bill, an issue that threatens to delay committee markup and floor action past mid- October according to congressional sources.
Posts Tagged ‘Highway Trust Fund’
Multi-year Highway Bill Facing Continued Uncertainties
Thursday, October 8th, 2015The Highway Bill: A Realistic Appraisal of its Year-End Prospects
Tuesday, August 4th, 2015Innovation Newsbriefs
Vol. 26, No. 7
Congress has approved and the President has signed a three-month extension of the federal highway program through October 29 —but with enough funding ($8 billion) to keep the Highway Trust Fund solvent through December. When the lawmakers reconvene in September, attention will shift to the bigger struggle over how to craft and pay for a long term highway bill.
Guest on The Infra Blog: Terry O’Sullivan, General President, Laborers’ International Union of North America (LIUNA)
Thursday, July 30th, 2015
Terry O’Sullivan became the tenth General President of the Laborers’ International Union of North America (LIUNA) on January 1, 2000, and is dedicated to growing his union’s membership and market share.
“I think the American public is willing, ready, and able to have that conversation. It’s been too many in Washington DC that have been licking their fingers and seeing which way the winds are blowing, that have been afraid to have that conversation.”
View this complete post...Senator John Thune (R-SD): Why Americans Need a Long-Term Transportation Solution
Thursday, July 30th, 2015
U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, urges his colleagues to pass a long-term transportation bill to fund our nation’s highways, roads, and bridges and provide certainty to Americans whose jobs rely on a reauthorization.
View this complete post...A Lasting Solution to the Transportation Funding Crisis
Monday, July 13th, 2015Innovation Newsbriefs
Vol. 26, No. 6
Trust Fund spending could be curtailed by progressively shifting funding responsibilities for local transportation to the States and localities and limiting Trust Fund expenditures to projects and programs that represent core federal responsibilities or are of truly strategic or national significance.
Options for Paying for Highway Spending
Tuesday, July 7th, 2015
CONGRESSIONAL BUDGET OFFICE
…with its current revenue sources, the Highway Trust Fund cannot support spending at the current rate. The Congressional Budget Office estimates that spending in fiscal year 2015 for highways and transit programs funded from the Highway Trust Fund will be $44 billion and $8 billion, respectively, whereas revenues collected for those purposes are projected to be $34 billion and $5 billion, respectively. By CBO’s estimate, at the end of fiscal year 2015, the balance in the trust fund’s highway account will fall to about $2 billion and the balance in its transit account will be about $1 billion.
A Conservative Vision for the Future of the Highway Trust Fund
Thursday, June 18th, 2015Innovation NewsbriefsVol. 26, No. 5 Submitted to the House Committee on Ways and Means and the Senate Committee on Finance in response to their invitation for written comments in connection with the hearings on Long-Term Financing of the Highway Trust Fund, June 17, and June 18, 2015 respectively. Many states, facing repeated short-term program extensions and anticipating uncertain prospects for increased […]
View this complete post...ASCE: Highway Trust Fund 101
Tuesday, May 19th, 2015
The Highway Trust fund, paid for by the federal gas tax, provides federal funding for America’s roads, bridges, and transit systems. But the gas tax hasn’t been raised in over 20 years, and the Highway Trust Fund will soon be insolvent. Watch the video to learn about the importance of the Highway Trust Fund and the negative consequences of the looming insolvency.
View this complete post...Funding Challenges in Highway and Transit
Wednesday, March 4th, 2015
THE PEW CHARITABLE TRUSTS
With the temporary increase in funding for the federal highway trust fund set to run out by May 2015, states and localities are again facing the prospect that shortfalls in the fund could delay or reduce the federal money they rely on for transportation projects. As they wait to see what federal policymakers will do, many states are taking action to make their own transportation funding more sustainable. These efforts highlight the major challenges that all levels of government face in maintaining investments in highways and transit systems—problems that will require policymakers to make difficult choices in the years ahead.
Rethinking Transportation Funding
Tuesday, December 9th, 2014Innovation Newsbriefs
Vol. 25, No. 16
Has the time come to reconsider the way we pay for transportation? Should the Highway Trust Fund and its fuel tax revenue continue as the main source of funding for the federal transportation program? If not, what are the alternatives? And more broadly, is the age of long term reauthorizations and of heavy reliance on federal funding, drawing to a close?
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