More Articles for HTF

LaHood pushes for 10-cent gas tax hike during St. Louis visit

Amanda Bayhi - Jul 02, 2014

LaHood pushes for 10-cent gas tax hike during St. Louis visit

During a trip to St. Louis, Mo., on Tuesday, former Transportation Secretary Ray LaHood pushed for a 10-cent-per-gallon gas tax increase, St. Louis Public Radio reports. LaHood is visiting the city to promote infrastructure investment and bring awareness to the state ...

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Obama pushes for transportation funding during Key Bridge visit

Amanda Bayhi - Jul 01, 2014

Obama pushes for transportation funding during Key Bridge visit

During his visit to the Key Bridge in Washington, D.C., on Tuesday, President Barack Obama urged Congress to quickly pass a highway bill to prevent Highway Trust Fund (HTF) insolvency, The Hill reports. The HTF is a major source of funding ...

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DOT to reimburse states as gas tax money rolls in

Amanda Bayhi - Jul 01, 2014

DOT to reimburse states as gas tax money rolls in

The projected insolvency of the Highway Trust Fund is inching closer (it’s expected to run out of money next month), and the U.S. Department of Transportation is has been trying to prepare state DOTs. In its latest preparation effort, the U.S. ...

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CBO: $6.6 billion needed in highway account to prevent HTF shortfall through December

Amanda Bayhi - Jun 30, 2014

CBO: $6.6 billion needed in highway account to prevent HTF shortfall through December

About $6.6 billion in revenues would be needed for the highway account to meet obligations through Dec. 31, 2014, Congressional Budget Office (CBO) Director Douglas Elmendorf stated Friday. In a follow-up letter to Sen. Ron Wyden (D-Ore.), Elmendorf also noted that ...

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Senate panel delays vote on highway bill patch

Amanda Bayhi - Jun 26, 2014

Senate panel delays vote on highway bill patch

The Senate Finance Committee has delayed its vote on a proposed short-term patch that would provide funding for transportation infrastructure projects through Dec. 31, The Hill reports. During a markup of the Preserving America’s Transit and Highways (PATH) Act Chairman Ron ...

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TRIP: Oklahoma significantly improves infrastructure, but HTF insolvency ‘threatens further progress’

Amanda Bayhi - Jun 26, 2014

TRIP: Oklahoma significantly improves infrastructure, but HTF insolvency ‘threatens further progress’

Oklahoma has significantly improved its roads, bridges and highway safety since 2005, but “uncertainty about future federal funding threatens further progress,” according to a report released Thursday by national transportation research group TRIP. The report, “Modernizing Oklahoma's Transportation System: Progress and ...

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Sen. Wyden offers short-term patch for transportation funding

Amanda Bayhi - Jun 25, 2014

Sen. Wyden offers short-term patch for transportation funding

Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, has offered a transportation infrastructure funding solution, but it’s not the multi-year plan many transportation advocates have been expecting. Wyden’s proposal -- an amendment to the Preserving America’s Transit and Highways ...

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Road trip day one: From congestion to digestion

Tina Grady Barbaccia - Jun 24, 2014

Road trip day one: From congestion to digestion

After scrambling all morning to finish up loose ends at work, get the laundry done, make sure the trash was taken out and get everything else in order before I left town on Friday, it was midafternoon before I set ...

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Fitch: Gas tax hike should be paired with other revenue sources to fund transportation

Amanda Bayhi - Jun 24, 2014

Fitch: Gas tax hike should be paired with other revenue sources to fund transportation

Fitch Ratings released a statement on Tuesday noting that a gas tax increase needs to be paired with another revenue source to provide the necessary funding for transportation projects. Fitch pointed to the recently-proposed 12-cent-per-gallon gas tax hike as a “positive ...

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VIDEO: What lawmakers are saying about highway funding

Amanda Bayhi - Jun 23, 2014

VIDEO: What lawmakers are saying about highway funding

On Friday, Transportation Secretary Anthony Foxx reminded state departments of transportation that the Highway Trust Fund’s “situation remains dire.” He noted in a letter to state DOT directors that the HTF is projected to run out of money at the end ...

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House Dems could propose highway funding solution involving U.S. multinational corporations

Amanda Bayhi - Jun 20, 2014

House Dems could propose highway funding solution involving U.S. multinational corporations

House Democrats are expected to propose a new bill to restrict the ability of U.S. multinational corporations that move their headquarters abroad to lower their tax burden at home, with funding raised by the bill earmarked for transportation infrastructure projects, ...

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12-cent gas tax hike could pay for transportation projects

Amanda Bayhi - Jun 19, 2014

12-cent gas tax hike could pay for transportation projects

With the current highway bill, MAP-21, nearing expiration and the Highway Trust Fund (HTF), the main transportation funding source, projected to shortfall in just over two months, the search is on for a new way to fund transportation infrastructure projects. Two ...

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