More Articles for transportation funding

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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Rep. Webster introduces bill aimed at improving TIFIA program

Amanda Bayhi - Jun 23, 2014

Rep. Webster introduces bill aimed at improving TIFIA program

Rep. Daniel Webster (R-Fla.) has introduced a bill that aims to improve the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, Politico reports. The bill, dubbed the TIFIA2.0 Act, would change the way projects are selected for TIFIA loans by looking ...

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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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Virginia Commonwealth Transportation Board approves 6-year program allocating $13.1 billion for transportation projects

Amanda Bayhi - Jun 19, 2014

Virginia Commonwealth Transportation Board approves 6-year program allocating $13.1 billion for transportation projects

Virginia’s Commonwealth Transportation Board has approved the state’s Six-Year Improvement Plan, which allocates $13.1 million to transportation improvements over a six-year period, Gov. Terry McAuliffe announced Wednesday. Allocations are divided by category, with $9.9 billion allocated to highway construction and $3.2 ...

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Lawmaker looks to crude oil tax, indexed diesel tax for Highway Trust Fund solution; Plan would remove gas tax

Staff Report - Jun 17, 2014

Lawmaker looks to crude oil tax, indexed diesel tax for Highway Trust Fund solution; Plan would remove gas tax

As the Highway Trust Fund’s insolvency looms, Rep. Peter DeFazio (D-Ore.) has introduced a highway funding plan that would repeal the federal gas tax in favor of other funding options, like taxing oil barrels and indexing the diesel tax to ...

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HTF update: DOT holds firm on August shortfall projection

Amanda Bayhi - Jun 17, 2014

HTF update: DOT holds firm on August shortfall projection

The Highway Trust Fund (HTF) continues to head for a shortfall at the end of August, the U.S. Department of Transportation (DOT) projected Tuesday. In the latest Highway Trust Fund Ticker update, the DOT noted that it anticipates a shortfall around ...

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HTF 101: How the Highway Trust Fund works

Amanda Bayhi - Jun 12, 2014

HTF 101: How the Highway Trust Fund works

The Highway Trust Fund (HTF) is a major talking point in the highway construction industry right now, especially because the major funding source is likely to run out of money in less than three months. HTF insolvency would mean projects ...

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Transportation advocates push for highway funding this week

Amanda Bayhi - Jun 09, 2014

Transportation advocates push for highway funding this week

Transportation advocates are flying to Washington, D.C. from all over the country to meet with lawmakers and discuss highway funding at the Transportation Construction Coalition’s (TCC) 2014 Legislative Fly-In on Tuesday and Wednesday. This year's theme, “The Time is Now: Fix the ...

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Opinion: Sinkholes and bridge closures, and how they relate to the highway fund shortage

Amanda Bayhi - Jun 06, 2014

Opinion: Sinkholes and bridge closures, and how they relate to the highway fund shortage

Two news stories in particular have me thinking of what our nation will look like without a Highway Trust Fund fix. The first is a bridge closure in Delaware. According to an Associated Press report, officials closed a bridge near Wilmington because ...

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Senate Appropriations panel approves $54.4 billion THUD bill; Legislation moves to full committee for markup

Amanda Bayhi - Jun 04, 2014

Senate Appropriations panel approves $54.4 billion THUD bill; Legislation moves to full committee for markup

The Senate Appropriations Committee’s Transportation, Housing and Urban Development, and Related Agencies Subcommittee approved its Transportation, and Housing and Urban Development (THUD) bill on Tuesday, Politico reports. The bill provides $54.4 billion in discretionary funds for fiscal year 2015 and includes ...

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Oklahoma Legislature cuts transportation budget by $28.5 million

Amanda Bayhi - Jun 04, 2014

Oklahoma Legislature cuts transportation budget by $28.5 million

The Oklahoma Department of Transportation (ODOT) will experience $28.5 million in cuts in its fiscal year 2015 budget, Tulsa World reports. The cuts amount to a 5.5-percent reduction -- a loss of about $11 million in revenue from gas taxes. The total ...

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