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.

Senate Spending Plan for FY 2022 Becomes Clear

When the Senate Appropriations Committee released the text of the remaining nine general appropriations bills for fiscal year 2022 on...

Senate Passes Bill Freeing Up $123 Billion in COVID Aid for Infrastructure

Quietly and with no debate, the U.S. Senate on October 19 passed legislation freeing up almost $123 billion of the $350 billion state...

FHWA Projects HTF Highway Account Won’t Need Bailout Until Summer 2022

The Federal Highway Administration has notified Capitol Hill that the Highway Account of the Highway Trust Fund probably won't need an...

Senate Appropriators Release Text of FY22 THUD Spending Bill

The chairman of the Senate Appropriations Committee has released the text of the nine draft appropriations bills for fiscal 2022 (and...

Funding Table for FY 2022 Senate USDOT Appropriations

This two-page PDF is a table showing the account-level appropriations provided by the draft Senate Transportation-HUD appropriations...

Debt Limit, Appropriations Showdowns Now Synced for December – Will Infrastructure Join Them?

Last night, the Senate passed a $480 billion increase in the federal debt ceiling by a party-line vote of 50-48 (two Republicans missed...

CBO Finds One-Fourth of Federal Highway Funding Increases Offset by State/Local Cuts

A new study by the nonpartisan Congressional Budget Office finds that "Under typical conditions, after receiving an additional dollar...

Senate Clears 1-Month HTF Extension for President’s Signature

At 1:30 p.m. today, the U.S. Senate held a special session lasting less than five minutes, during which the Senate passed legislation...

House Passes 30-Day Surface Extension as Infrastructure Bill Shelved Temporarily

After a day-long lapse in Highway Trust Fund spending authority and the furlough of some 3,700 U.S. Department of Transportation...

Senate Faces More Debt Limit Drama Next Week

The U.S. Senate will have more debt ceiling showdown votes next week. The drama started on September 27, when the Senate failed, by...

FY22 CR Enacted; Appropriations Through December 3 Pro-Rated to Agencies Today

Yesterday evening, President Biden signed into law a $285 billion stopgap spending bill that kept the federal government open (except...

Derailed Biden infrastructure package could mean loss of $10B for New York Transit

“The longer this hangs out there, the greater the chance you’ll have to open it up and perform some surgery on it,” said Jeff...

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