After years of inaction, short-term bailouts, and extensions, transportation policy has finally begun to move in a different direction. The bad news is that it has the potential to make things much worse. The good news is that it is possible for Congress and the transportation community to turn this into an opportunity.
Eno Transportation Weekly
October 2, 2014 – Revised list of Highway Trust Fund bailouts to date.
September 10, 2015 – New estimates from the U.S. Department of Transportation show that the $8.1 billion bailout of the Highway Trust Fund enacted in August, combined with a slight uptick in projected gasoline, diesel, and trucking excise taxes, put the Trust Fund in shape to stay solvent at current law spending levels through May 2016.
July 15, 2015 – The House’s five-month Highway Trust Fund extension bill (H.R. 3038) pays for $3 billion of its $8 billion HTF bailout by taking aviation security fees scheduled to go towards offsetting the Transportation Security Administration budget and instead setting them aside for general fund deficit reduction.
May 6, 2015 – Even though the House of Representatives is out of town this week, discussion continues on how Congress should handle the impending expiration of Highway Trust Fund expenditure authority, set to lapse at midnight on May 31.