Posts Tagged "funding"
Facing the uncertainty of stable federal transportation funding and often unwilling to raise their own taxes to fund transportation, some states have seized upon the idea of protecting their transportation revenues for transportation uses. On Nov. 4, Maryland and Wisconsin voters will be deciding on similar measures that would put transportation funds into protected accounts that can’t be appropriated for non-transportation uses.
A House proposal to shore up the transportation trust fund through May, 2015, is a good news, not-so-good news proposition. Late yesterday, House Ways and Means Chairman Dave Camp (R-MI) proposed a $10.8 billion infusion to cover a looming deficit in the Highway Trust Fund. The money for the next few months would come mostly […]
Our compatriot Beth Osborne engaged in a spirited discussion on gas taxes and the crashing highway trust fund this morning on C-Span’s Washington Journal this morning. Watch the video here.
As soon as Senators Murphy and Corker introduced their bipartisan plan yesterday to raise the gas tax by 12 cents, supportive statements starting flowing in and media outlets quickly picked up the news.
Senators Chris Murphy (D-CT) and Bob Corker (R-TN) today announced their bipartisan plan to raise the nation’s gas tax by 12 cents over two years to rescue the nation’s Highway Trust Fund, which is headed for insolvency before the end of the summer.
Part three: Crucial transportation projects could be halted if Congress fails to rescue transportation funding
Congressional inaction on saving the nation’s transportation fund would have tangible impacts on projects planned for next year and beyond, forcing many long-awaited projects to halt indefinitely as soon as this summer. Illinois’ six-year plan for transportation improvements could be threatened, and one long-awaited enormous project on the border with Iowa could be a casualty.
Congressional inaction on saving the nation’s transportation fund would have tangible impacts on projects planned for next year and beyond, forcing many long-awaited projects to halt indefinitely as soon as this summer. Numerous states are already beginning to make plans for a year where no federal money is available for new projects by scaling back plans and tentatively canceling projects.
Which highly anticipated transportation projects in your community would go back on the shelf next year?
Which highly anticipated transportation projects in your community would go back on the shelf next year? Will it be a bridge replacement years in the making? New buses to meet growing ridership? A multi-use trail along a key highway that bike commuters are hoping to use? Improvements to make your Main Street safer and more pleasant for people who shop and work there?
Barring congressional action, the nation’s transportation fund will be insolvent later this year and the federal government will be unable to commit to funding any new transportation projects next year. This would have significant impacts on projects that have been planned years in advance across the country.
Unless Congress adds new revenue to the nation’s transportation trust fund, the federal government will be unable to commit to funding any new transportation projects, depriving states and localities of resources critical to maintaining and improving the infrastructure that makes our economy possible.