Tag: HTF: Page 18

Roadbuilding

Sen. Wyden offers short-term patch for transportation funding

Sen. Ron Wyden (D-Ore.), chairman of the Senate Finance Committee, has offered a transportation infrastructure funding solution, but it’s not the multi-year plan many transportation advocates have been expecting. Wyden’s proposal — an amendment to the Preserving America’s Transit and Highways (PATH) Act — is a three-month, $9 billion patch that would provide funds through […]

June 25, 2014

Roadbuilding

Road trip day one: From congestion to digestion

After scrambling all morning to finish up loose ends at work, get the laundry done, make sure the trash was taken out and get everything else in order before I left town on Friday, it was midafternoon before I set out. At about 2:30 p.m. Central Time, my boys and I finally were finally on […]

June 24, 2014

Roadbuilding

Fitch: Gas tax hike should be paired with other revenue sources to fund transportation

Fitch Ratings released a statement on Tuesday noting that a gas tax increase needs to be paired with another revenue source to provide the necessary funding for transportation projects. Fitch pointed to the recently-proposed 12-cent-per-gallon gas tax hike as a “positive first step to address transportation funding in this country” but added that “raising the […]

June 24, 2014

Roadbuilding

What lawmakers are saying about highway funding

On Friday, Transportation Secretary Anthony Foxx reminded state departments of transportation that the Highway Trust Fund’s “situation remains dire.” He noted in a letter to state DOT directors that the HTF is projected to run out of money at the end of August — one month before the current highway bill, MAP-21, expires — and […]

June 23, 2014

Roadbuilding

House Dems could propose highway funding solution involving U.S. multinational corporations

House Democrats are expected to propose a new bill to restrict the ability of U.S. multinational corporations that move their headquarters abroad to lower their tax burden at home, with funding raised by the bill earmarked for transportation infrastructure projects, the Washington Post reports. The bill, supported by Rep. Nancy Pelosi (D-Calif.), would raise approximately […]

June 20, 2014

Roadbuilding

12-cent gas tax hike could pay for transportation projects

With the current highway bill, MAP-21, nearing expiration and the Highway Trust Fund (HTF), the main transportation funding source, projected to shortfall in just over two months, the search is on for a new way to fund transportation infrastructure projects. Two senators have contributed to the search by suggesting an increase of the federal gas […]

June 19, 2014

Roadbuilding

ARTBA launches campaign revealing ‘shocking truth’ about transportation infrastructure investment

The American Road and Transportation Builders Association (ARTBA) on Tuesday launched a new website and social media campaign that aims to reveal the “shocking truth” about transportation infrastructure investment. The campaign is part of ARTBA’s “Transportation Makes America Work!” (TMAW) advocacy program and is featured on TMAW.org. It uses infographics to show how transportation infrastructure […]

June 17, 2014

Roadbuilding

Lawmaker looks to crude oil tax, indexed diesel tax for Highway Trust Fund solution; Plan would remove gas tax

As the Highway Trust Fund’s insolvency looms, Rep. Peter DeFazio (D-Ore.) has introduced a highway funding plan that would repeal the federal gas tax in favor of other funding options, like taxing oil barrels and indexing the diesel tax to inflation and fleet fuel economy. DeFazio’s Repeal and Rebuild Act is designed to be a […]

June 17, 2014

Roadbuilding

HTF update: DOT holds firm on August shortfall projection

The Highway Trust Fund (HTF) continues to head for a shortfall at the end of August, the U.S. Department of Transportation (DOT) projected Tuesday. In the latest Highway Trust Fund Ticker update, the DOT noted that it anticipates a shortfall around Aug. 30. The Ticker, introduced in January, is updated every month with details about […]

June 17, 2014

Business

What World Cup host Brazil can teach the U.S. about ignoring infrastructure needs

In the search for morality tales about the consequences of inadequate investment in infrastructure, it would be hard to top the quagmire of Sao Paulo, Brazil’s largest city. In a recent article for the BBC, journalist Katia Moskvitch noted that the city’s traffic management agency described a rush hour traffic jam last May as a […]

June 16, 2014

Roadbuilding

Survey says 59% of Americans worry road surfaces create unsafe conditions

The majority of Americans are concerned about unsafe road conditions as a result of poor road surfaces, according to the results of a survey released Thursday by Laborers’ International Union of North America (LIUNA). Survey results show that 59 percent of respondents worry that poor road surfaces create unsafe conditions, and 27 percent say they […]

June 13, 2014

Roadbuilding

HTF 101: How the Highway Trust Fund works

The Highway Trust Fund (HTF) is a major talking point in the highway construction industry right now, especially because the major funding source is likely to run out of money in less than three months. HTF insolvency would mean projects across the nation would not be able to begin and 700,000 workers would lose their […]

June 12, 2014