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.

Amidst Record-High Gas Prices, House Passes Anti-Gouging Bill; Senate Committee Will Consider More Limited Bill Next Week

The House of Representatives passed a bill yesterday to make "unconscionably excessive" or "unreasonably" high gas prices illegal,...

Senate Fails to Advance Bill Containing Extra $2B for Intercity Bus COVID Relief

The U.S. Senate earlier today failed to muster the 60 votes necessary to bring up a $48 billion bill providing additional COVID relief,...

Gasoline Prices Rise Again, Diesel Supplies Tightening in Northeast

The House of Representatives is scheduled to vote next week on a bill making it a federal crime to sell gasoline at an "unconscionably...

April Inflation Was Widespread Despite (Temporary) Gasoline Price Drop

The single summary number in this month's new inflation announcement (for April 2022) was a good one – consumer prices only rose by a...

Biden’s Cure for High Gasoline Prices? The 2021 Infrastructure Bill

"The Biden infrastructure law should produce reduced demand for gasoline once projects now being allocated funding [are]...

Buttigieg Talks Workforce, IIJA Implementation With Senate Panel

Transportation workforce issues were front and center when Transportation Secretary Pete Buttigieg testified before the Senate...

Workforce Issues Front-and-Center in Congress

Last year, the President's National Infrastructure Advisory Council (NIAC) released a report concluding that the United States is...

Buttigieg Defends FY23 Budget Request before Senate Appropriations

Transportation Secretary Pete Buttigieg appeared before the Senate Appropriations Committee yesterday to defend the Biden...

Congressional Leaders Open Negotiations on FY23 Spending Total

The leaders of the House and Senate Appropriations Committees met yesterday to begin discussions of an overall total for the twelve...

How Much Could Inflation Erode IIJA Buying Power?

Anyone who goes to a store, a restaurant, or a gas station can see that prices are going up, and most things cost measurably more than...

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...

Step-by-Step: How $52.5 Billion in New Highway Formula Funding Becomes $47.1 Billion

When Congress passed the Infrastructure Investment and Jobs Act last year, that bipartisan law was built around significant increases...

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