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Tag: construction funding: Page 2
Business
Congress passes $1.1 trillion spending bill; cuts $5 billion from federal construction accounts
Two days after the legislation was passed by a tight vote in the House, the Senate passed a $1.1 trillion spending bill Saturday night that includes both good and bad news for federal construction accounts in 2015. The bill keeps the government funded through September, when the fiscal year ends. The Senate passed the spending [ā¦]
December 15, 2014
Business
Alabama has no plans to raise gas tax; state will rely on next yearās bond issue for road projects
Gov. Robert Bentley says he has no plans to ask the Alabama legislature to raise the stateās 16-cent-per-gallon gas tax, responding to emailed questions submitted by The Tuscaloosa News. Instead, Alabama instead will look to a $508.5 million highway bond issue to finance highway projects, bonds that last week received a AAA rating from Standard [ā¦]
December 15, 2014
Business
AGC economist forecasts strong construction growth thanks to āshale galeā, Panama Canal expansion
The morning after Republicans won back the U.S. Senate, Ken Simonson, chief economist for the Associated General Contractors of America, said that conservative majorities in both houses of Congress are unlikely to spend money to improve the the countryās infrastructure, but that private construction will be robust. The keynote speaker Wednesday at the 2014 Association [ā¦]
November 6, 2014
Business
Toll roads, P3s and creative financing will bring short-term gain, long-term disaster for the road building industry
For the last half-century gas and diesel taxes collected at the pump have been the primary source of funding for almost all our highway infrastructure. But Congress hasnāt Ā increased the gas tax or adjusted it for inflation since 1992. Anti-tax advocates claim this as a victory, but itās not. With the highway trust fund running [ā¦]
August 1, 2014
Business
Senate passes highway bill with reduced funding; sends vote back to House with pressure for long-term solution
On Tuesday the Senate voted to pass a bill that wouldĀ stave off the looming insolvency of the Highway Trust Fund (HTF) after making key changes to the legislation that will send it right back to the House for another vote. The HTF is the primary source of federal funding for road construction and repairs. The [ā¦]
July 30, 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
Home
House passes $12.3 billion water infrastructure projects bill
The U.S. House of Representatives passed a $12.3 billion water infrastructure reauthorization bill on Tuesday,Ā The HillĀ reports. The conference version of the bill, dubbed the Water Resources Reform and Development Act (WRRDA) of 2014, would authorize funding for waterway projects, including construction and maintenance. If the Senate passes the bill, it will be the first water [ā¦]
May 21, 2014
Business
Senators to release long term highway bill on Monday, markup set for Thursday
U.S. senators from the Environment and Public Works and Transportation and Infrastructure committees have announced that they will release the text of their new highway bill on Monday with a markup of the bill coming Thursday. Chairman of the EPW committee, Sen. Barbara Boxer (D-California) previously said sheĀ wanted to release the billās text this week,Ā but [ā¦]
May 9, 2014
Business
New Hampshire increases fuel taxes to fund road projects
The New Hampshire House last week passed a bill that would increase the stateās fuel taxes on gas and diesel by 4.2 cents per gallon,Ā theĀ Concord MonitorĀ reports. The bill is now headed to Gov. Maggie Hassan, who said she intends to sign it. āI look forward to signing this bipartisan legislation into law so we can [ā¦]
April 29, 2014
Business
Obama prepares to send $302 billion highway bill to Congress, but will it be enough?
President Barack Obama is preparing to present his proposed $302 billion, four-year transportation reauthorization bill to Congress. Transportation Secretary Anthony Foxx announced on the DOTās Fast Lane blog that the president plans to send a draft of the legislation to lawmakers, though no specific timetable has been presented. āSoon, the Obama Administration will do exactly [ā¦]
April 24, 2014
Business
Resason Foundation proposes per-mile tolling of U.S. Interstate system as a āfairā source of infrastructure funding
According to a report from our sister site Better Roads,Ā the Reason Foundation, citing of the Internet Highway System, has proposed tolling interstates and charging 3.5 cents per mile for cars and 14 cents per mile for trucks. The Interstate system makes up only 2.5 percent of all miles of highway in the U.S., but carries [ā¦]
September 18, 2013
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