Tag Term: Highway Trust Fund

Obama Expands On Infrastructure Proposals

Feb 25 2013

President Obama last week provided more detailson his infrastructure plans that were first mentioned during the State of the Union address. The administration released a fact sheet that offers some specifics, however many of the details will still have to wait until the President releases his budget proposal in a few weeks. The announcement this…

Read more…

Senate Passes Temporary Spending Bill

Sep 26 2012

Early last Sunday, the Senate voted to pass a continuing resolution (CR) that funds the government for the first half of Fiscal Year 2013, which begins October 1.  The bill expires March 27, 2013 and will provide $1.047 trillion in discretionary spending, which matches the cap set in the Budget Control Act (BCA) signed in…

Read more…

Congressional Budget Office Shows Concern for HTF

Sep 04 2012

The Congressional Budget Office (CBO) predicts both accounts of the Highway Trust Fund will go broke sometime in FY 2015 unless Congress acts to shore up the fund that pays for surface transportation projects. According to a CBO chart obtained, the highway account will end FY 2012 with $8.7 billion and the transit account with…

Read more…

House and Senate Pass Transportation Bill

Jul 02 2012

UPDATE: The House of Representatives passed the transportation conference report by a vote of 373-52 Friday afternoon. The Senate passed the bill 74-19.  The House and Senate worked vigorously all week to come to a compromise surface transportation conference report on Wednesday night. The announcement of a deal came over 1,000 days after the last…

Read more…

SURFACE TRANSPORTATION BILL STILL UNCERTAIN

Jun 01 2012

The House this week was initially faced with a vote on a motion to instruct conferees to cut transportation funding levels, only to have that motion withdrawn late Thursday afternoon on a technical issue. The motion from Representative Paul Broun (R-GA) would have tied Highway Trust Fund expenditures to estimated gas tax revenues, essentially cutting…

Read more…

Transportation Conference Committee Kicks Off Talks

May 09 2012

The surface transportation conference committee commenced its first meeting yesterday, with Senate and House conferees taking the opportunity to give opening remarks on what is anticipated to be one of the final hurdles in passing a transportation bill. Senator Barbara Boxer (D-CA), author of MAP-21 (S. 1813) and chair of the conference committee, began the meeting…

Read more…

Congressional Recess Is Here, But A Surface Transportation Compromise Is Not Near

Apr 03 2012

Congress went home last Friday for a two week recess after punting action on surface transportation another 90 days. Surface transportation programs have been running on a series of extensions for 916 days already, and this 9th extension will continue to add up the count until June 30th. Many in the transportation industry have grown…

Read more…

Keep the TRUST in the Trust Fund

Dec 29 2010

The incoming Republican leadership of the House of Representatives earlier this week released a set of proposed rules for the 112th Congress. Among these was a provision that would repeal the guaranteed funding requirement for annual federal highway investment. Meaning that revenues collected into the Highway Trust Fund through gas taxes may now be used…

Read more…