- Equipment World - http://www.equipmentworld.com -

Obama’s budget leaves out funding for transportation projects, Shuster says

Posted By Amanda Bayhi On April 11, 2013 @ 5:00 pm In News & Analysis | No Comments

U.S. Capitol [1]

On Wednesday, House Transportation and Infrastructure Committee Representative Bill Shuster said President Obama did not include a way to pay for the transportation projects in his proposed budget, The Hill reported [2].

The proposed budget [3] calls for $50 billion in infrastructure spending, including $40 billion for a “Fix It First” program, as well as $77 million in transportation spending, $53 billion for MAP-21 and $6.4 billion in earmarks for high-speed rail projects. (See a breakdown of that spending here [4].)

But Shuster noted that funding for the proposed spending is not addressed in the budget.

Transportation advocates have said that the funding for MAP-21, which was included in the bill when it was passed last summer, is barely enough to meet road and transit needs. The funding came largely from one-time funding from a series of trust fund sweeps and fee increases.

Transportation projects are often funded by a gas tax, but the current 18.4 cents-per-gallon federal gas tax, which hasn’t been raised since 1993, only generates about $35 billion per year–and that amount is expected to shrink as cars become more fuel efficient.

Shuster’s staff is expected to start drafting a new transportation bill later this year [5]. MAP-21 is scheduled to expire in September 2014.

Obama’s budget leaves out funding for transportation projects, Shuster says

Posted By Amanda Bayhi On April 11, 2013 @ 5:00 pm In News & Analysis | No Comments

U.S. Capitol [1]

On Wednesday, House Transportation and Infrastructure Committee Representative Bill Shuster said President Obama did not include a way to pay for the transportation projects in his proposed budget, The Hill reported [2].

The proposed budget [3] calls for $50 billion in infrastructure spending, including $40 billion for a “Fix It First” program, as well as $77 million in transportation spending, $53 billion for MAP-21 and $6.4 billion in earmarks for high-speed rail projects. (See a breakdown of that spending here [4].)

But Shuster noted that funding for the proposed spending is not addressed in the budget.

Transportation advocates have said that the funding for MAP-21, which was included in the bill when it was passed last summer, is barely enough to meet road and transit needs. The funding came largely from one-time funding from a series of trust fund sweeps and fee increases.

Transportation projects are often funded by a gas tax, but the current 18.4 cents-per-gallon federal gas tax, which hasn’t been raised since 1993, only generates about $35 billion per year–and that amount is expected to shrink as cars become more fuel efficient.

Shuster’s staff is expected to start drafting a new transportation bill later this year [5]. MAP-21 is scheduled to expire in September 2014.


Article printed from Equipment World: http://www.equipmentworld.com

URL to article: http://www.equipmentworld.com/obamas-budget-leaves-out-funding-for-transportation-projects-shuster-says/

URLs in this post:

[1] Image: http://www.equipmentworld.com/files/2013/04/uscapitolbuilding.jpg

[2] The Hill reported: http://thehill.com/blogs/transportation-report/infrastructure/293067-rep-shuster-obama-budget-missing-transportation-funding-source#ixzz2QAIxPKGK

[3] The proposed budget: http://www.equipmentworld.com/obamas-budget-provides-50-billion-increase-in-infrastructure-spending/

[4] See a breakdown of that spending here: http://www.equipmentworld.com/obamas-fy2014-transportation-budget-b-maybe/

[5] Shuster’s staff is expected to start drafting a new transportation bill later this year: http://www.equipmentworld.com/transportation-funding-talks-remain-stagnant/

Copyright © 2012 Equipment World -- Development. All rights reserved.