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Tag: HTF: Page 17
Roadbuilding
10 States in dire need of Highway Trust Fund
The end of the federal Highway Trust Fund appeared imminent until recently and transportation officials from throughout the United States were panicking. Congress hadnāt been close on a new funding plan until Thursday afternoon when the House Ways and Means Committee proposed a $10.5 billion, eight-month transportation funding bill. However, several critical highway, bridge and [ā¦]
July 11, 2014
Business
House panelās proposed $10.5 billion stopgap for highway funding meets disapproval of Senators, AEM
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 have proposed a $10.5 billion, eight-month funding bill that would extend transportation funding [ā¦]
July 10, 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 [ā¦]
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 [ā¦]
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:Ā VIDEO: What lawmakers are saying about [ā¦]
July 8, 2014
Roadbuilding
Why Alaska DOT isnāt sweating U.S. DOTās 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) isnāt worried, Juneau Empire reports. The U.S. DOT announced last week that it plans to reduce the amount [ā¦]
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 [ā¦]
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 [ā¦]
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 (itās 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 [ā¦]
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.Ā The [ā¦]
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 Americaās Transit and Highways (PATH) Act Chairman Ron Wyden (D-Ore.) agreed to delay a vote on his proposed $9 billion plan. Wyden [ā¦]
June 26, 2014
Roadbuilding
TRIP: Oklahoma significantly improves infrastructure, but HTF insolvency āthreatens further progressā
Oklahoma has significantly improved its roads, bridges and highway safety since 2005, but āuncertainty about future federal funding threatens further progress,ā according to a report released Thursday by national transportation research group TRIP. The report, āModernizing Oklahomaās Transportation System: Progress and Challenges in Providing Safe, Efficient and Well-Maintained Roads, Highways and Bridges,ā notes that funding [ā¦]
June 26, 2014
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