Issue / Highway Trust Fund

Higher Interest Rates Could Keep Highway Trust Fund Afloat Another Year After IIJA Expires

Just as The Great Inflation of 1967-1982 holds precedents and lessons that could greatly affect infrastructure spending in the real...

FHWA Gives States $59.9B in IIJA Highway Formula Funding

The Federal Highway Administration on October 6 formally apportioned $59.9 billion in highway funding to states via formula. The money...

Eno Launches New Research Initiative to Help Define Parameters for a National VMT Fee Pilot

What if we charged drivers by the miles they drove rather than the gallons of fuel their cars consume? Perhaps more importantly, how...

White House Endorses 3-Month Gasoline Tax Holiday

President Biden today endorsed a three-month suspension of the 18.4 cent-per-gallon federal excise tax on gasoline. The President made...

Biden Calls on Congress to Enact 3-month Gas Tax Holiday

“All this does is make the trust fund even more dependent on the general fund [for maintaining roads and bridges], as opposed to...

Gas Prices, Adjusted for Inflation, Now Highest Since 2008

The U.S. Energy Information Administration reported this week that the average retail price of a gallon of gasoline rose to $4.55 on...

CBO Shares Predictably Bad HTF Outlook, but Evidence of COVID Aid Replacing Transit Spending

The nonpartisan Congressional Budget Office's new baseline projections contain mixed news for the federal Highway Trust...

USDOT Gets FY22 Highway and Transit Formula Funding Increases Out the Door

Twin announcements from the U.S. Department of Transportation in the last week have given state and local governments permission to...

Budget Gives Update on Post-IIJA Highway Trust Fund Shortfall

After the Highway Trust Fund was reauthorized in the Infrastructure Investment and Jobs Act (IIJA) with a $118 billion general fund...

Administration Predicts HTF Will Need Additional Bailout Before End of IIJA

This afternoon, the Treasury Department released the quarterly Treasury Bulletin for March 2022, which contains the first Treasury-OMB...

Case Study: How Inflation Can Nullify Transportation Funding Increases

If you follow economic news, the last few weeks have seen unsettling signs of inflation. On February 10, it was announced that the...

Vulnerable Senate D’s Propose $20B Gas Tax Holiday

With high gas prices much on the mind of voters, a group of Democratic Senators led by Mark Kelly (D-AZ) and Maggie Hassan (D-NH) this...

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