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.

FY22 Appropriations Endgame Talks Commence, With February Deadline Looming

The bipartisan leaders of the House and Senate Appropriations Committees held a meeting  yesterday to begin discussions of how to...

Treasury Deposits $118 Billion Bailout in Highway Trust Fund

The Treasury Department's official report on Highway Trust Fund finances for December 2021 is now out, and it shows that the $118...

No Progress on FY22 Fiscal Issues, March 1 Looms As New Deadline

The Second Session of the 117th Congress has begun, and the opening months will be devoted to trying and finish the leftover business...

USDOT Budget for FY 2022 Should Top $140 Billion

With the influx of extra funding from the Infrastructure Investment and Jobs Act, total funding for the U.S. Department of...

Manchin Says He Won’t Support Reconciliation Bill, Leaving Democrats in Limbo

Senator Joe Manchin (D-WV) made headlines yesterday when he very publicly withdrew his support from the pending budget reconciliation...

Senate Action on Budget Reconciliation Bill Slips to January as Congress Prepares to Adjourn for the Year

The U.S. Senate will be postponing floor consideration of the multi-trillion-dollar budget reconciliation bill until January 2022 at...

EPW Panel Releases Revised Text of Its Budget Reconciliation Title

The Senate Environment and Public Works Committee today released its title of the "Build Back Better" budget reconciliation bill today,...

FHWA Apportions $52.5 Billion in IIJA Highway Contract Authority to State DOTs

Yesterday, the Federal Highway Administration formally gave state DOTs $52.5 billion in highway contract authority as the first annual...

Budget Reconciliation Bill Still Stuck in “Byrd Bath” Process

Senate staffers hope to begin the "Byrd bath" process for the budget reconciliation bill next week – a quasi-judicial proceeding...

Debt Limit Likely to Be Increased Next Week, Allowing HTF Bailout to Be Processed

The latest debt ceiling crisis will be solved by the middle of next week, without having to delay the latest bailout transfer of the...

Wheels of Fortune: A Centennial Institute Recap

While reforming surface transportation funding and financing is an evergreen topic in federal Washington, major events over the last...

Congress Still Can’t Leave Without Dealing with Debt Limit

While Congress has now extended the annual appropriations deadline into next February, there is still no clear path in sight for...

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