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.

Trump Team Drafted FY21 BUILD and INFRA Funding Notices with New Transparency Requirements

As some of their last official actions, the Trump Administration at the U.S. Department of Transportation expedited the drafting of...

Outgoing Administration Distributes $59 Billion in Highway & Transit Formula Funding

In its last few days in office, the Trump Administration distributed $59 billion in formula-based surface transportation funding to...

Biden Proposes Another $20 Billion in Mass Transit Aid As Part of His COVID Relief Package

Last night, President-elect Joe Biden gave a speech in which he outlined his economic policies for the first months of his...

Federal Borrowing for Infrastructure Funding – How Could It Be Done?

“With real interest rates at zero or below, shouldn’t the federal government just borrow the money to pay for something worthwhile,...

With Unified Democratic Control, Can “Budget Reconciliation” Be Used for Infrastructure?

Now that Democrats have won both Georgia Senate runoff elections, and will have the barest of Senate majorities to go along with a slim...

Transit Aid from COVID Bill Would Focus on 138 Urban Areas With Most Needs

The $14 billion for mass transit in the new coronavirus relief bill passed by Congress on December 21 would be reserved for the transit...

Congress Wraps Up Fiscal Issues for the Year

In a span of about nine hours yesterday, both chambers of Congress debated and passed, almost sight unseen, a 5,593-page bill providing...

Last COVID Bill of 2020 Gives An Additional $45 Billion to Transportation

The final major legislation to be passed by Congress in 2020 contained another $0.9 trillion in COVID-related fiscal relief spread...

TSA, Coast Guard Get Increases in Final FY21 Appropriations Package

Division F of the omnibus appropriations bill for fiscal 2021 provides year-long funding for the Department of Homeland Security,...

Final Omnibus Spending-COVID-Tax Legislation Released

In a span of about nine hours yesterday, both chambers of Congress debated and passed, almost sight unseen, a 5,593-page bill providing...

Final FY21 Appropriations Bill Gives $88 Billion to USDOT

Division L of the massive 5,600-page year-end funding bill is the regular Transportation-HUD appropriations bill for fiscal year 2021,...

New Census Data Shows State/Local Revenue Loss from COVID Uneven and Less than Anticipated

New data from the Census Bureau released last week shows that the aggregate state and local tax revenue losses this year from COVID and...

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