More Articles for transportation funding

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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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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