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Eno Transportation Weekly

Category: Highway Trust Fund

FY20 Transit Apportionments Face Automatic 12 Percent Cut

April 11, 2019 – Yesterday, the Treasury Department announced that the Mass Transit Account of the Highway Trust Fund has failed its forward-looking solvency test for fiscal year 2020. As a result, unless Congress passes new legislation fixing the problem, apportionments of FY 2020 mass transit formula funding to transit agencies will be reduced by around 12 percent from the levels provided by the FAST Act.

Texas Reignites Donor State Debate

April 5, 2019 – Texas tried to revive the old “donor state vs. donee state” highway funding debate last week. A March 26 letter to Congressional leaders from the Texas delegation complained that “Texas only receives 95 cents back for every dollar it sent to Washington in federal fuel taxes” and asked for a “fair, equitable and logical approach” to highway funding distribution formulas in the next surface transportation reauthorization bill.

Senate GOP Budget Assumes Highway User Tax Increase

March 22, 2019 – Senate Budget Committee chairman Mike Enzi today introduced a 2020 budget plan that assumes that Congress will enact somewhere around $85-90 billion in new highway user taxes over five years to keep the Highway Trust Fund solvent at baseline funding levels.

The FY20 Budget: Highway Trust Fund Assumptions

March 19, 2019 – The details of the President’s budget proposal for fiscal 2020 make it clear that, if the Trump Administration has a plan for long-term fiscal solvency of the Highway Trust Fund, they aren’t presenting it in this budget

The FY20 Budget: Transportation Tax and Fee Assumptions

March 19, 2019 – In the full fiscal year 2020 federal budget request released this week, the assumptions for the tax receipts of transportation excise taxes over the next decade made by the White House Office of Management and Budget are significantly above the estimates for those taxes made by the Congressional Budget Office. And the Administration once again boosts its overall receipt totals by requesting new transportation user fees that Congress is  unlikely to approve.

House T&I Kicks Off 2019 With Infrastructure Hearing

February 9, 2019 – The House Transportation and Infrastructure Committee of the 116thCongress formally kicked off its work yesterday with a marathon seven-hour hearing entitled “The Cost of Doing Nothing: Why Investing in Our Nation’s Infrastructure Cannot Wait.”

CBO Issues Update of Highway Trust Fund Forecast

January 28, 2019 – The Congressional Budget Office today issued a revised Highway Trust Fund forecast estimating that about $165 billion in new taxes or bailout transfers will be necessary to keep the Trust Fund solvent at baseline spending levels for the next decade.

CBO To Release New Highway Trust Fund Forecast Next Week

January 25, 2019 – The Congressional Budget Office will release its annual Budget and Economic Outlook on Monday, January 28. This will be accompanied by CBO’s preliminary spending and revenue baseline for the fiscal year 2020-2029 period, the release of which should include an updated forecast of Highway Trust Fund cash flow for the coming decade.

New House Rules Package Repeals “Ryan Rule,” Term Limits

January 2, 2019 – A new rules package to be adopted by the House of Representatives tomorrow repeals term limits for committee and subcommittee chairmen, repeals the “Ryan rule” on Highway Trust Fund bailout transfers, and makes other changes that directly affect transportation and infrastructure programs and committees.

CBO Updates Savings Estimates from Spending and Tax Choices

December 14, 2018 – This week, the nonpartisan Congressional Budget Office issued its biennial report updating a wide menu of revenue increase and spending cut options and the amount by which each of the 121 options would decrease federal deficits over the coming years.

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