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 Debates FY20 DOT Appropriations: Highway Rescission Fix Offered

This week, the U.S. Senate took up a $209 billion package of four appropriations bills for fiscal year 2020, including the...

House to Consider Harbor Maintenance Trust Fund Spend-Down Bill Next Week

The House of Representatives is likely to consider H.R. 2440, the "Full Utilization of the Harbor Maintenance Trust Fund Act," on the...

HTF Included in Romney-Manchin Trust Fund “Rescue” Bill

A new bipartisan bill in the Senate would establish expedited "fast track" procedures for legislation to fix insolvent federal trust...

Amendments Filed in the Senate to the FY 2020 USDOT Appropriations Act

Reflects all transportation-related amendments filed as of close of business on October 30, 2019. The text of the first three...

FY19 Highway Trust Fund Deficit Dropped Slightly Due to Trucking Tax Receipt Increase

The Highway Trust Fund ran a "real" cash deficit of $12.45 billion in fiscal year 2019, which was slightly less than the $12.63 billion...

Gas Tax Receipts Dropped in FY 2019

The Highway Trust Fund took in $26.5 billion in gross gasoline tax receipts in the just-ended fiscal year 2019, $236 million less than...

Senate May Consider FY20 Transportation-HUD Appropriations Next Week

The U.S. Senate could start consideration of a package of fiscal year 2020 appropriations bills that includes the Transportation-HUD...

USDOT Announces Rural Transportation Initiative

The U.S. Department of Transportation on October 8 announced a new initiative for promoting and coordinating rural transportation...

FHWA Gives States Highway Obligation Authority Through Nov. 21

The Federal Highway Administration on October 10 gave state departments of transportation $5.2 billion in fiscal year 2020 highway...

2020 Highway Rescission May Get Repealed in Defense Bill

A looming $7.6 billion cut in highway funding scheduled to take place on July 1, 2020 may be repealed in the National Defense...

CBO Issues Analysis of Nationwide Truck VMT Tax

The Congressional Budget Office today released a new report entitled Issues and Options for a Tax on Vehicle Miles Traveled by...

Harbor Maintenance Trust Fund Spending Exceeded Deposits in FY19 for First Time in Over 30 Years

The just-ended fiscal year 2019 appears to be the first year since 1988 where the year-end unexpended balance in the Harbor Maintenance...

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