Tag: transportation funding: Page 45

Roadbuilding

Missouri could get $4.8 billion in transportation projects

The Missouri Highways and Transportation Commission on Wednesday approved $4.8 billion in transportation projects that could would go into effect if state voters approve a transportation-focused ballot measure at the polls next month, the Missouri Department of Transportation (MoDOT) announced Wednesday. On Aug. 5, state citizens will vote on Constitutional Amendment 7, which would increase […]

July 9, 2014

Business

White House, transportation leaders push Congress to find a long-term highway funding solution sooner rather than later

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. White House press secretary Josh Earnest […]

July 9, 2014

Roadbuilding

White House, transportation leaders push Congress to find highway funding solution

The White House, Transportation Secretary Anthony Foxx and several industry associations are urging Congress to find a highway funding solution before the primary source of money, the Highway Trust Fund (HTF), becomes insolvent. The U.S. Department of Transportation (DOT) projects that insolvency to occur by the end of August. Related: VIDEO: What lawmakers are saying about […]

July 8, 2014

Roadbuilding

Why Alaska DOT isn’t sweating U.S. DOT’s upcoming reimbursement plan

Many state transportation agencies are likely getting nervous about a new reimbursement plan from the U.S. Department of Transportation, set to begin in less than a month. But the Alaska Department of Transportation and Public Facilities (AKDOT&PF) isn’t worried, Juneau Empire reports. The U.S. DOT announced last week that it plans to reduce the amount […]

July 7, 2014

Roadbuilding

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 of the Highway Trust Fund (HTF), a primary source of funding for state and […]

July 2, 2014

Roadbuilding

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 for state and local highway projects. However, money in the fund is projected to […]

July 1, 2014

Roadbuilding

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. DOT has announced that it plans to make some adjustments to the way it […]

July 1, 2014

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

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 first step to address transportation funding in this country” but added that “raising the […]

June 24, 2014

Roadbuilding

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 at how each project would affect taxpayers. The bill also includes language that would […]

June 23, 2014

Roadbuilding

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, the Washington Post reports. The bill, supported by Rep. Nancy Pelosi (D-Calif.), would raise approximately […]

June 20, 2014