Funding & Finance

Issues & Modes / Funding & Finance

Federal, state, and local governments all play a significant role in funding $300 billion in annual transportation spending. The federal government supplies important capital funding for highways, transit systems, airports, waterways, and ports while also operating the nation’s air traffic control system. State and local governments have an equally important task to invest in and operate their transportation networks and rely on a broad range of revenue sources, from general revenues and debt, to fuel taxes, fees, and tolls.

With Sinema On Board, Senate to Take Up Reconciliation Bill This Weekend

The U.S. Senate is tentatively scheduled to take up a downsized budget reconciliation bill on Saturday afternoon and cast a flurry of...

Gas Price Decreases Track Crude Oil Price

Gasoline prices have dropped 80 cents per gallon in the last two months, with prices outside large cities poised to go below $4.00 per...

Summary Tables for FY 2023 Senate DOT Appropriations Act

This is version 1.0 of our summary tables for the Senate's Department of Transportation appropriations bill for fiscal year...

Senate Releases FY23 Corps of Engineers Funding While Passing WRDA Bill

Yesterday, the Senate took two separate steps forward on funding and policy direction for the water resources program of the U.S. Army...

Leahy Unveils Senate Democrats’ Appropriations Plans for Fiscal 2023

The chairman of the Senate Appropriations Committee, Patrick Leahy (D-VT), yesterday announced his approach to funding the federal...

FTA Opens Applications for Initial $343M Tranche of Transit Station Accessibility Grants

Federal transportation officials this week announced the opening of an application round for a new federal grant program that will help...

Schumer, Manchin Unveil Surprise Budget Reconciliation Deal

(Revised somewhat on July 29, 2022) Washington was stunned late yesterday afternoon when mercurial Senator Joe Manchin (D-WV)...

House Passes FY23 Appropriations Package WIth Little Debate

This week, the House of Representatives passed a $763 billion package of six appropriations bills for fiscal year 2023, including the...

Manchin Once Again Upends Budget Reconciliation Negotiations

A blowup last night between Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV), the elusive 50th vote on a...

Appropriations Package With FY23 DOT Funding Headed to House Floor Next Week

The House of Representatives is scheduled to take up the Transportation-HUD appropriations bill for fiscal year 2023 as part of a...

DOT Announces $969M in Airport Terminal Grants

On July 7, the U.S. Department of Transportation announced 91 airport terminal development grants totaling $969 million, from funding...

Just How Big Is a $10 Million Airport Terminal Grant?

In the list announced last week of 91 grants to be made to U.S. airports from the first year of the new Airport Terminal Program's...

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