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.

COVID Aid Cuts in Debt Limit Bill Spare Mass Transit

Even though mass transit aid provided as a COVID-related emergency has around $3 billion in funding yet to be obligated, the final debt...

Crisis Averted: Biden to Sign Bill Raising Debt Ceiling

Sometime before Monday morning, President Biden is expected to sign into law H.R. 3746, the “Fiscal Responsibility Act of 2023,”...

“Side Deals” – How the New Spending Caps Aren’t As Low As They Seem

The just-passed debt ceiling bill brings back legally binding annual caps on discretionary appropriations for fiscal years 2024 and...

Debt Ceiling Deal Leaves DOT Mostly Unscathed, but Transportation, Housing Funds May Still Be at Risk

Jeff Davis, senior fellow and editor at the Eno Center for Transportation, said in an email that “the Transportation-HUD bill is...

Non-Defense Spending Cuts, NEPA Reforms in Bipartisan Debt Limit Bill

President Biden and House Speaker McCarthy announced an agreement on legislation increasing the debt ceiling yesterday, with plans to...

Point-Counterpoint: New York vs New Jersey on Congestion Pricing in Manhattan

A battle is brewing across the Hudson River and in the halls of Congress between New York and New Jersey. In 2019, when the...

Eno’s Q&A With Congressman Jerry Nadler About NYC Congestion Pricing

What are the pros and cons of NY’s proposed congestion pricing program? Congestion pricing is the best way to get vehicles off our...

Biden, McCarthy Closing In On Debt Limit Deal As Time Runs Out

White House and Congressional negotiators are rumored to be close to a deal to increase the debt limit in exchange for spending...

Weekend Debt Ceiling Talks Called Off As Treasury Balance Dwindles

After several days of what appeared to be productive talks between the emissaries of President Biden and House Speaker Kevin McCarthy...

FY24 Appropriations Season Begins With Total Number Still Undecided

The House Appropriations Committee started the fiscal 2024 appropriations process this week, marking up bills in subcommittee that will...

Debt Limit Talks Continue, Rescinding COVID Aid Still a Focus

President Biden sat down with Congressional leaders on May 9 to discuss the pending need to increase the debt ceiling, talks which were...

CBO Updates Trust Fund, Tax Forecasts

Today, the Congressional Budget Office released its annual budget baseline. (A preliminary version was released in February, but this...

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