Tag: funding: Page 4

Roadbuilding

California’s gas tax cut will reduce highway funding, won’t mean cheaper pump prices

The California State Board of Equalization voted to reduce the state’s gasoline tax to 30 cents per gallon from 36 cents, a change set to be implemented in July, according to an Associated Press report. The tax cut reportedly will not cause the price of gas to go down for consumers, but the California Department of Transportation says […]

February 25, 2015

Roadbuilding

Idaho bill proposes increases to vehicle registration fees and fuel taxes to fund transportation efforts

Members of the Idaho House Transportation and Defense Committee have but forth a bill to provide nearly $200 million in transportation funds via large percentage increases in gasoline and diesel taxes and vehicle registration and permit fees. Section 8 of House Bill 144 outlines a change to Section 49-402 of the Idaho Code to increase vehicle registration fees […]

February 22, 2015

Roadbuilding

Georgia drivers pay extra $8 billion annually due to deficient roads TRIP report finds

Deficient roads in Georgia costs the state’s motorists nearly $8 billion in additional vehicle operating costs and expenses related to safety and congestion, according to a report by The Road Improvement Program. TRIP held a dual press conference in Atlanta and Columbus in announcing its “Georgia Transportation by the Numbers: Meeting the State’s Need for Safe and Efficient Mobility” […]

February 19, 2015

Roadbuilding

Texas DOT saves nearly $1 billion over next decade through historic bond deal

The Texas Department of Transportation recently announced that it had achieved the largest savings on a single bond deal in the state’s history through a $1.68 billion refinancing that priced Jan. 21. The bond issue refinanced almost all of the outstanding debt for the Central Texas Turnpike System (CTTS), first issued in 2002. The deal […]

February 9, 2015

Roadbuilding

Obama proposes 6-year, $478 billion highway bill; industry groups voice support

As part of his new, $3.99 trillion budget released Monday, President Barack Obama has proposed $478 billion to fund the country’s transportation and infrastructure work over the next six years. Instead of raising the federal gas tax, Obama’s proposal would be paid for with money generated by a one-time tax holiday for companies with overseas investments. […]

February 2, 2015

Business

U.S. Chamber of Congress, AAA and ATA urge Congress to raise gas tax to fund long-term highway bill

With the Highway Trust Fund (HTF) inching ever so closer to insolvency, organizations are redoubling efforts to ensure Congress is passes a permanent fix, rather than a patch. AAA, the American Trucking Associations, and the U.S Chamber of Commerce submitted a joint letter to Congress Jan. 26 urging members of the 114th Congress to raise […]

January 27, 2015

Business

Obama urges Congress to focus on improving infrastructure rather than Keystone XL in State of the Union

President Barack Obama in his sixth State of the Union address made little mention of issues related directly to construction and transportation, which has in years past come in the form of the president pushing Congress to do more to fund highways and other transportation infrastructure. Unlike recent years, however, the president only briefly addressed transportation infrastructure […]

January 21, 2015

Business

Alabama has no plans to raise gas tax; state will rely on next year’s bond issue for road projects

Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the state’s 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, Alabama instead will look to a $508.5 million highway bond issue to finance highway projects, bonds that last week received a AAA rating from Standard […]

December 15, 2014

Roadbuilding

House panel proposes $10.5 billion stopgap for transportation; Sens. Boxer, Carper oppose plan

The House Ways and Means Committee has proposed a stopgap to fund transportation projects for eight months, but Sens. Barbara Boxer (D-Calif.) and Tom Carper (D-Del.) are opposing the plan. According to a report from The Hill, the Ways and Means Committee on Tuesday proposed a $10.5 billion, eight-month funding bill that would extend transportation […]

July 9, 2014

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

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