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Tag: CBO
Roadbuilding
New survey says majority of Americans support usage fees to fix crumbling roads
A newly published survey reports that nearly two-thirds of Americans would support roadway user fees to help fix the country’s crumbling transportation infrastructure, according to a report in Reuters. One of the options was to pay for the number of miles a vehicle travels, according to the survey of 1,002 Americans more than 18 years old that […]
May 2, 2016
Roadbuilding
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 the transit account would require $1.5 billion to meet obligations through the same period. The […]
June 30, 2014
Roadbuilding
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 Wyden (D-Ore.) agreed to delay a vote on his proposed $9 billion plan. Wyden […]
June 26, 2014
Roadbuilding
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 across the nation would not be able to begin and 700,000 workers would lose their […]
June 12, 2014
Business
Obama prepares to send $302 billion highway bill to Congress, but will it be enough?
President Barack Obama is preparing to present his proposed $302 billion, four-year transportation reauthorization bill to Congress. Transportation Secretary Anthony Foxx announced on the DOT’s Fast Lane blog that the president plans to send a draft of the legislation to lawmakers, though no specific timetable has been presented. “Soon, the Obama Administration will do exactly […]
April 24, 2014
Roadbuilding
CBO: Highway Trust Fund would shortfall under Obama’s proposed budget
The Highway Trust Fund (HTF) would run out of money under President Barack Obama’s proposed $302 billion, four-year highway budget, according to data released from the Congressional Budget Office (CBO). In addition to allocating funds to various transportation sectors, the bill offers a one-time $150 billion cash infusion. However, the CBO says that is not […]
April 21, 2014
Roadbuilding
Closer to E than F and heading for B
Let’s say you are rolling down the highway and watching the gas gauge on your dashboard as you go. You see it steadily going down. You are aware that it is heading to E. You roll on. It gets inevitably closer to E. You know if you don’t stop and fill up it will hit […]
August 1, 2013
Roadbuilding
House subcommittee to discuss Highway Trust Fund this week
The House Highways and Transit Subcommittee will hold a hearing Tuesday on the current financial status of the Highway Trust Fund (HTF) and its impact on federal surface transportation programs. The hearing, titled “How the Financial Status of the Highway Trust Fund Impacts Surface Transportation Programs,” will begin at 10 a.m. Eastern Time at the Rayburn […]
July 22, 2013
Business
CBO: Highway Trust Fund should fulfill obligations through 2014
According to the latest forecast from the Congressional Budget Office, the Highway Trust Fund will have insufficient revenues by the end of 2015, but should be able to fulfill its obligations through 2014. At the beginning of this year, the HTF held $10 billion and the CBO forecast expects that amount to dwindle by half […]
February 11, 2013
Home
How much life does the Highway Trust Fund have left?
We know the simplicity of it. The Highway Trust Fund is steadily running out of money. Congress, so set on look-at-me brinkmanship, has very little time to do anything, but that doesn’t seem to create any sense of urgency. So just how much time is there? Based on its mid-year review of the federal budget, […]
August 31, 2012
Roadbuilding
RoadWorks
The ups and downs of an infrastructure bank, Hawaii has new move over law and cleaning up our alleys are among the items featured.
August 5, 2012
Roadbuilding
Running out of gas money
A new Congressional Budget Office report says that the Highway Trust Fund may be empty by fiscal year 2014. According to The Hill’s transportation blog the CBO report projects the highway trust to have $12 billion at the end of the current fiscal year, which began last July, and a $3 billion balance in the […]
February 1, 2012
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