Tag: highway funding: Page 32

Business

DOT now predicts Highway Trust Fund will run out of money by end of August

In its latest update of the Highway Trust Fund Ticker, the U.S. Department of Transportation predicts the HTF to run out of money by the end of August. In the ticker update, the DOT notes that the Highway Account started fiscal year 2014 with about $1.6 billion, and $9.7 billion was transferred from the General Fund. […]

April 16, 2014

Roadbuilding

Illinois governor unveils 6-year, $8.6 billion transportation investment plan

Illinois Governor Pat Quinn on Wednesday unveiled a six-year $8.6 billion construction program that aims to improve highways, infrastructure and public transportation throughout the state. “A booming economy requires a 21st century infrastructure,” Quinn said. “Our infrastructure plan will create thousands of construction jobs now while paving the way for more jobs and economic development […]

April 14, 2014

Roadbuilding

Foxx: Insolvent transportation system could cost 700k jobs

Transportation Secretary Anthony Foxx said Thursday that if lawmakers don’t fix the nation’s transportation system that is “teetering on the edge of insolvency,” 700,000 people could lose their jobs, The Christian Post reports. Foxx’s warning came during the national convention of Al Sharpton’s National Action Network in New York City, just days before his infrastructure investment […]

April 14, 2014

Roadbuilding

5 Options for Avoiding Highway Trust Fund Insolvency

The current surface transportation bill, MAP-21, is set to expire in September, and lawmakers are scrambling to reauthorize funding before that deadline. However, a larger problem is expected to arise up to two months before MAP-21’s expiration: the Highway Trust Fund (HTF), the primary source of project funding, is expected to completely run out of […]

April 11, 2014

Roadbuilding

Boxer outlines Senate priorities for long-term surface transportation bill

Sen. Barbara Boxer said Thursday that she and three other top transportation senators have “reached an agreement in principle on a transportation bill.” During a press conference, Boxer, who is chairman of the Senate Environment and Public Works Committee, — along with EPW ranking member David Vitter, Transportation Infrastructure Subcommittee chairman Tom Carper and subcommittee […]

April 10, 2014

Roadbuilding

Sen. Murray warns Highway Trust Fund insolvency ‘threat is growing’

Transportation projects’ main source of funding, the Highway Trust Fund (HTF), is heading toward bankruptcy in the next few months, and one Senator is presenting a wake-up call to to other lawmakers. Sen. Patty Murray (D-Wash.), the Senate Democrats’ top budget writer, said Tuesday that the “threat is growing” of the HTF’s insolvency, The Hill […]

April 9, 2014

Roadbuilding

Interstate tolling gains new enemy in big-business group

There’s no question about the need to find a way to fund repairs to highways and infrastructure across the nation, particularly after an especially harsh winter left potholes and other damage on countless roads. Related: Reason Foundation: Value-added tolling is ‘better deal’ for drivers than gas tax And even before winter storms scarred roads, the […]

April 8, 2014

Roadbuilding

As Highway Trust Fund insolvency looms, state DOTs stretch dollars through project prioritization

The current surface transportation bill, MAP-21, is set to expire in less than six months, and the Highway Trust Fund (HTF) — the primary source of funding for state and local surface transportation projects — could run out of money a full two months prior to the bill’s expiration. As the HTF dwindles, the U.S. […]

April 7, 2014

Roadbuilding

Educate Yourself! …And Your Elected Officials

Sunday marks six months until MAP-21, our current surface transportation bill, expires. If it wasn’t time to get things moving before, now it certainly is. There are plenty of things to consider when talking about the new bill. Probably the biggest topic is funding sources. There have been talks of a higher gas tax, tolling […]

March 28, 2014

Roadbuilding

Boxer on Highway Trust Fund: “We are running out of time for action”

Sen. Barbara Boxer (D-Calif.), chairman of the Senate Environment and Public Works (EPW) Committee, said Thursday that Congress is “running out of time” to stop the Highway Trust Fund (HTF) from going bankrupt, The Hill reports. The HTF, the main source of funding for state and local surface transportation projects, is expected to run out […]

March 28, 2014

Roadbuilding

Marijuana tax could fund transportation improvements in New Jersey

While Congress searches for a new way to fund transportation projects, one New Jersey senator is offering an interesting solution. Related: New Jersey rejects Tesla’s direct sales model Sen. Nicholas Scutari (D-N.J.) has proposed legalizing recreational marijuana and using taxes collected from its sales to pay for surface transportation in the state, the Associated Press […]

March 27, 2014

Roadbuilding

‘Nation at a Crossroads’ tool aims to educate about impact of Highway Trust Fund insolvency

The American Association of State Highway and Transportation Officials (AASHTO) has unveiled a new informational tool that aims to educate the public and elected officials about the potential impact of an insolvent Highway Trust Fund (HTF). The HTF, which funds the majority of state and local surface transportation projects, is expected to run out of […]

March 27, 2014