Tag: surface transportation funding: Page 2

Roadbuilding

DOT continues to project Highway Trust Fund shortfall in August

The U.S. Department of Transportation maintains its projection that the Highway Trust Fund will shortfall in August, according to the latest update of the agency’s Highway Trust Fund Ticker. Transportation Secretary Anthony Foxx introduced the Ticker in January. It is designed to provide a monthly update on the HTF’s remaining balance. Last month, the DOT […]

May 14, 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

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

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

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

LaHood: Congress will extend MAP-21 when current bill expires

Highway advocates — including the American Road and Transportation Builders Association (ARTBA), the Transportation Construction Coalition (TCC), Transportation Secretary Anthony Foxx and more — have been urging Congress to come up with a solution before the Highway Trust Fund, the main source of funding for state and local surface transportation projects, runs out, which could […]

March 25, 2014

Roadbuilding

The new surface transportation bill gives us a cast instead of a Band-Aid for funding

A two-year bill isn't the answer to the need for a long-term transportation bill, but it's better than short-term extension after short-term extension. Now we have a cast instead of just a Band-Aid to fix the lack of funding.,A two-year bill isn't the answer to the need for a long-term transportation bill, but it's better than short-term extension after short-term extension. Now we have a cast instead of just a Band-Aid to fix the lack of funding.,A two-year bill isn't the answer to the need for a long-term transportation bill, but it's better than short-term extension after short-term extension. Now we have a cast instead of just a Band-Aid to fix the lack of funding.,A two-year bill isn't the answer to the need for a long-term transportation bill, but it's better than short-term extension after short-term extension. Now we have a cast instead of just a Band-Aid to fix the lack of funding.,A two-year bill isn't the answer to the need for a long-term transportation bill, but it's better than short-term extension after short-term extension. Now we have a cast instead of just a Band-Aid to fix the lack of funding.

July 3, 2012

Construction Equipment

TIFIA transportation project loan program under fire

Congress will begin reconciling Senate and House highway reauthorization bills this week that contain significantly increased funding for a loan program that’s criticized as providing credit for too many public-private toll projects. On May 8, conferees from both chambers will have start meetings to begin the compromise process between House and Senate proposals for a […]

May 8, 2012