Tag: HTF: Page 21

Roadbuilding

DOT Chief Foxx reiterates urgency to fix Highway Trust Fund during Alabama visit

Secretary of Transportation Anthony Foxx says a short-term solution won’t do this go-around for transportation funding, and he’s on the road this week pushing the Obama administration’s four-year $302 billion plan and making localities and citizens aware of the Highway Trust Fund’s (HTF) nosedive. Foxx spoke in Birmingham, Ala., Wednesday in the eighth stop of […]

April 17, 2014

Roadbuilding

U.S. DOT predicts August shortfall in latest Highway Trust Fund Ticker update

In its latest update of the Highway Trust Fund Ticker, the U.S. Department of Transportation predicts the HTF to shortfall as early as the end of August. The agency previously predicted a shortfall in late July. Related: 5 Options for Avoiding Highway Trust Fund Insolvency The HTF provides funding to the majority of projects in […]

April 15, 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

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

‘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

Roadbuilding

31 state chambers push for 5-year transportation bill

Several state chambers — 31, to be exact — are urging Congress to pass a five-year surface transportation reauthorization bill. Related: LaHood: Congress will extend MAP-21 when current bill expires In a letter to Sen. Barbara Boxer (D-Calif.) and Rep. Bill Shuster (R-Penn.), chairmen of their respective transportation committees, and Sen. David Vitter (R-La.) and […]

March 26, 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