Tag: transportation funding: Page 48

Business

Senate committee unveils text of highway reauthorization bill

The Senate Environment and Public Works (EPW) Committee on Monday night revealed the text of its surface transportation reauthorization bill. Dubbed the MAP-21 Reauthorization Act, the six-year bill would reauthorize surface transportation projects through fiscal year 2020 and is indexed for inflation. Highlights outlined in the bill’s summary include: Six years of fully-funded highway programs Greater transparency of Highway […]

May 13, 2014

Roadbuilding

Infrastructure jobs can boost U.S. employment; highway funding push continues

Buzz about infrastructure investment continues today as a number of reports and statements are released. The Brookings Institution released a report today on infrastructure employment, and earlier this week AAA pushed for a gas tax hike, 50 Chambers of Commerce urged Congress to fix the Highway Trust Fund (HTF) and the Institution on Taxation and […]

May 9, 2014

Business

Senators to release long term highway bill on Monday, markup set for Thursday

U.S. senators from the Environment and Public Works and Transportation and Infrastructure committees have announced that they will release the text of their new highway bill on Monday with a markup of the bill coming Thursday. Chairman of the EPW committee, Sen. Barbara Boxer (D-California) previously said she wanted to release the bill’s text this week, but […]

May 9, 2014

Roadbuilding

House Appropriations panel approves THUD bill; DOT Chief Foxx reiterates repercussions of Highway Trust Fund insolvency

A panel in House Appropriations Committee approved the committee’s transportation and housing bill on Wednesday, while Transportation Secretary Foxx discussed problems the U.S. will face if a new highway bill is not passed. The transportation and housing bill, which makes appropriations for the Departments of Transportation, and Housing and Urban Development (THUD) through September 2015, […]

May 8, 2014

Roadbuilding

Missouri’s new sales tax hike expected to generate $534 million each year for transportation

The Missouri Senate on Tuesday passed a less than 1-cent sales tax increase aimed at improving transportation in the state, The Kansas City Star reports. If approved by legislature, the 3/4-cent sales tax hike would generate $534 million each year for 10 years. According to the report, the Missouri Department of Transportation (MoDOT) needs $485 […]

April 30, 2014

Business

DOT Chief Foxx sends long-term highway bill to Congress

The U.S. Department of Transportation announced on Tuesday that Transportation Secretary Anthony Foxx sent a long-term highway bill to Congress. The bill, dubbed the GROW AMERICA Act, is based on President Barack Obama’s 4-year, $302 billion transportation reauthorization proposal. Foxx said the bill aims to create jobs while offering a solution to fix the Highway Trust Fund (HTF) before it runs out of money this […]

April 30, 2014

Roadbuilding

New Jersey DOT announces $3.7 billion plan for transportation improvements in 2015

The New Jersey Department of Transportation (NJDOT) this week announced a proposed capital program for fiscal year 2015 that includes $3.7 billion in transportation improvements. The budget supports $2.5 billion in investments in NJDOT and $1.2 billion in improvements for NJ TRANSIT. The agency said the plan “focuses on safety, mobility, and maintaining assets in […]

April 29, 2014

Business

New Hampshire increases fuel taxes to fund road projects

The New Hampshire House last week passed a bill that would increase the state’s fuel taxes on gas and diesel by 4.2 cents per gallon, the Concord Monitor reports. The bill is now headed to Gov. Maggie Hassan, who said she intends to sign it. “I look forward to signing this bipartisan legislation into law so we can […]

April 29, 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

Business

Transportation Sec. Foxx asks taxpayers to call Congress, demand long-term highway bill in road tour stop

Secretary of Transportation Anthony Foxx says a short-term solution won’t do this go-around for transportation funding, and he’s on the road this week pushing the Obama administration’s four-year $302 billion plan and making localities and citizens aware of the Highway Trust Fund’s nosedive. Foxx spoke in Birmingham, Ala., Wednesday in the eighth stop of his week-long Invest in […]

April 18, 2014

Roadbuilding

DOT Chief Foxx reiterates urgency to fix Highway Trust Fund during Alabama visit

Secretary of Transportation Anthony Foxx says a short-term solution won’t do this go-around for transportation funding, and he’s on the road this week pushing the Obama administration’s four-year $302 billion plan and making localities and citizens aware of the Highway Trust Fund’s (HTF) nosedive. Foxx spoke in Birmingham, Ala., Wednesday in the eighth stop of […]

April 17, 2014